Part XII Finance, Property, Contracts And Suits - Constitution of India (COI)

Table of Contents

• Chapter I Finance PART XII Finance, Property, Contracts And Suits

General

• Article 264. Interpretation.
• Article 265. Taxes not to be imposed save by authority of law.
• Article 266. Consolidated Funds and public accounts of India and of the States.
• Article 267. Contingency Fund.

Distribution of Revenues between the Union and the States

• Article 268. Duties levied by the Union but collected and appropriated by the States.
• Article [268A. Service tax levied by Union and collected by the Union and the States. Omitted.]
• Article 269. Taxes levied and collected by the Union but assigned to the States.
• Article 269A. Levy and collection of goods and services tax in course of inter-State trade or commerce.
• Article 270. Taxes levied and distributed between the Union and the States.
• Article 271. Surcharge on certain duties and taxes for purposes of the Union.
• Article [272. Taxes which are levied and collected by the Union and may be distributed between the Union and the States. Omitted.]
• Article 273. Grants in lieu of export duty on jute and jute products.
• Article 274. Prior recommendation of President required to Bills affecting taxation in which States are interested.
• Article 275. Grants from the Union to certain States.
• Article 276. Taxes on professions, trades, callings and employments.
• Article 277. Savings.
• Article [278. Agreement with States in Part B of the First Schedule with regard to certain financial matters. Omitted.]
• Article 279. Calculation of “net proceeds”, etc.
• Article 279A. Goods and Services Tax Council.
• Article 280. Finance Commission.
• Article 281. Recommendations of the Finance Commission.

Miscellaneous Financial Provisions

• Article 282. Expenditure defrayable by the Union or a State out of its revenues.
• Article 283. Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts.
• Article 284. Custody of suitors’ deposits and other moneys received by public servants and courts.
• Article 285. Exemption of property of the Union from State taxation.
• Article 286. Restrictions as to imposition of tax on the sale or purchase of goods.
• Article 287. Exemption from taxes on electricity.
• Article 288. Exemption from taxation by States in respect of water or electricity in certain cases.
• Article 289. Exemption of property and income of a State from Union taxation.
• Article 290. Adjustment in respect of certain expenses and pensions.
• Article 290A. Annual payment to certain Devaswom Funds.
• Article [291. Privy purse sums of Rulers. Omitted.]
• Chapter I Finance PART XII Finance, Property, Contracts And Suits
• Article 292. Borrowing by the Government of India.
• Article 293. Borrowing by States.


• Chapter-III-Property-Contracts-Rights-Liabilities-Obligations-And-Suits-PART-XII-Finance-Property-Contracts-And-Suits.php
• Article 294. Succession to property, assets, rights, liabilities and obligations in certain cases.
• Article 295. Succession to property, assets, rights, liabilities and obligations in other cases.
• Article 296. Property accruing by escheat or lapse or as bona vacantia.
• Article 297. Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union.
• Article 298. Power to carry on trade, etc.
• Article 299. Contracts.
• Article 300. Suits and proceedings.