Taxes levied and distributed between the Union and the States

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....e on taxes and duties referred to in article 271 and any cess levied for specific purposes under any law made by Parliament shall be levied and collected by the Government of India and shall be distributed between the Union and the States in the manner provided in clause (2). 6[(1A) The tax collected by the Union under clause (1) of article 246A shall also be distributed between the Union and the....

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....). (3) In this article, "prescribed" means,- (i) until a Finance Commission has been constituted, prescribed by the President by order, and (ii) after a Finance Commission has been constituted, prescribed by the President by order after considering the recommendations of the Finance Commission.]     ********************** NOTES:- 1. Substituted vide Article 29 of the Constitu....

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....States in the manner provided in clause (2). (2) Such percentage, as may be prescribed, of the net proceeds in any financial year of any such tax, except in so far as those proceeds represent proceeds attributable to 1[Union Territories] or to taxes payable in respect of Union emoluments, shall not form part of the Consolidated Fund of India, but shall be assigned to the States within which that....