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List - II entailing the areas on which only the state legislature can make laws, and; List - III listing the areas on which both the Parliament and the State Legislature can make laws upon concurrently. Separate heads of taxation are no head of taxation in the Concurrent List (Union and the States have no concurrent power of taxation). [8]
Exemption of property of the Union from State taxation. A-286. Restrictions as to imposition of tax on the sale or purchase of goods. A-287. Exemption from taxes on electricity. A-288. Exemption from taxation by States in respect of water or electricity in certain cases. A-289. Exemption of property and income of a State from Union taxation. A-290.
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
A state legislature that has two houses – the State Legislative Assembly and State Legislative Council (Vidhan Parishad) – is a bicameral legislature. The Vidhan Sabha is the lower house and corresponds to the Lok Sabha while the Vidhan Parishad is the upper house and corresponds to the Rajya Sabha of the Parliament of India .
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [2] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in India ...
The State List is a list of 61 (originally 66) subjects in the Schedule Seven to the Constitution of India. The respective state governments have exclusive power to legislate on matters relating to these items. [3] This list is divided into legislative/general part (entries 1 to 45) and taxation part (entries 46 to 63). [4]
In the Republic of India, a chief minister is the head of government of each of the twenty-eight states and three of the eight union territories. According to the Constitution of India, at the state level, the governor is de jure head, but de facto executive authority rests with the chief minister.
This is a chronological and complete list of acts passed before 1861, by the Imperial Legislative Council between 1861 and 1947, the Constituent Assembly of India between 1947 and 1949, the Provisional Parliament between 1949 and 1952, and the Parliament of India since 1952. Apart from Finance Act, there are 890 Acts which are still in force as ...