Part XII · Finance, Property, Contracts and Suits

• 264Interpretation
• 265Taxes not to be imposed save by authority of law
• 266Consolidated Funds and public accounts of India and of the States
• 267Contingency Fund
• 268Duties levied by the Union but collected and appropriated by the States
• 268AService tax levied by Union and collected and appropriated by the Union and the States
• 269Taxes levied and collected by the Union but assigned to the States
• 269ALevy and collection of goods and services tax in course of inter-State trade or commerce
• 270Taxes levied and distributed between the Union and the States
• 271Surcharge on certain duties and taxes for purposes of the Union
• 273Grants in lieu of export duty on jute and jute products
• 274Prior recommendation of President required to Bills affecting taxation in which States are interested
• 275Grants from the Union to certain States
• 276Taxes on professions, trades, callings and employments
• 277Savings
• 279Calculation of “net proceeds”, etc
• 280Finance Commission
• 281Recommendations of the Finance Commission
• 282Expenditure defrayable by the Union or a State out of its revenues
• 283Custody, etc, of Consolidated Funds, Contingency Funds and moneys credited to the public accounts
• 284Custody of suitors’ deposits and other moneys received by public servants and courts
• 285Exemption of property of the Union from State taxation
• 286Restrictions as to imposition of tax on the sale or purchase of goods
• 287Exemption from taxes on electricity
• 288Exemption from taxation by States in respect of water or electricity in certain cases
• 289Exemption of property and income of a State from Union taxation
• 290Adjustment in respect of certain expenses and pensions
• 290AAnnual payment to certain Devaswom Funds
• 292Borrowing by the Government of India
• 293Borrowing by States
• 294Succession to property, assets, rights, liabilities and obligations in certain cases
• 295Succession to property, assets, rights, liabilities and obligations in other cases
• 296Property accruing by escheat or lapse or as bona vacantia
• 297Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union
• 298Power to carry on trade, etc
• 299Contracts
• 300Suits and proceedings
• 300APersons not to be deprived of property save by authority of law