NTA-NET (UGC-NET) Political Science (02) Video Course Lecture: Introduction to Centre-State: Financial Relations (48 mins) | Lecture 206 of 389

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Topics Covered

  • Indian Government and Politics » Federalism

Details

Introduction to Centre-State; Financial Relations

Financial relations deal with Article 268 to 293- Part XII of the COI

Discussing Allocation of Taxing powers as per the COI

  • Union list subjects- Parliament is empowered (13)
  • State list subjects- State Legislatures are empowered (18)
  • Concurrent list subject- GST (101st Act 2016) – Both Parliament and State leg.
  • Residuary subjects- Parliament is empowered, for eg. Wealth tax, expenditure tax, etc.

Understanding how the COI has made a distinction between powers to levy, power to collect and power to appropriate in terms of taxes between centre and states.

Understanding the 4 important restrictions imposed by COI pertaining to State Legislatures՚ taxing powers with examples.

References:

Constitution of India by M. Laxmikanth

Constitution of India by D. D. Basu