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