Power to levy taxes
Constitution of India gives the power to levy and collect taxes, whether direct or indirect, to the Central and State Government. The Union and State Government are empowered to levy taxes by virtue of Article 246 of the Constitution of India.
Seventh Schedule to Article 246 contains three lists which enumerate the matters under which the Union and the State Governments have the authority to make laws for the purpose of levy of taxes.
The following are the lists:
(i) Union List: Central Government has the exclusive power to make laws on the matters contained in Union List.
(ii) State List: State Government has the exclusive power to make laws on the matters contained in the State List.
(iii) Concurrent List: Both Central and State Governments have the power to make laws on the matters contained in the Concurrent list.
Constitution of India gives the power to levy and collect taxes, whether direct or indirect, to the Central and State Government. The Union and State Government are empowered to levy taxes by virtue of Article 246 of the Constitution of India.
Seventh Schedule to Article 246 contains three lists which enumerate the matters under which the Union and the State Governments have the authority to make laws for the purpose of levy of taxes.
The following are the lists:
(i) Union List: Central Government has the exclusive power to make laws on the matters contained in Union List.
(ii) State List: State Government has the exclusive power to make laws on the matters contained in the State List.
(iii) Concurrent List: Both Central and State Governments have the power to make laws on the matters contained in the Concurrent list.
No comments:
Post a Comment