| Category of Bare Act | Name of the Act | Year of Promulgation |
|---|---|---|
| Civil Laws | The CONSTITUTION OF INDIA | 1975 |
| Act Number | Enactment Date | Chapter Number |
| 36 | 1975-04-26 | 12 |
| Chapter Title | Ministry | Department |
| Finance, Property, Contracts And Suits | Ministry of Law And Justice | Department of Personnel and Administrative Reforms |
1(1) Taxes on the sale or purchase of goods and taxes on the consignment of goods shall be levied and collected by the Government of India but shall be assigned and shall be deemed to have been assigned to the States on or after the 1st day of April, 1996 in the manner provided in clause (2).
(2) The net proceeds in any financial year of any such tax, except in so far as those proceeds represent proceeds attributable to Union territories, shall not form part of the Consolidated Fund of India, but shall be assigned to the State within which that tax is leviable in that year, and shall be distributed among those States in accordance with such principles of distribution as may be formulated by Parliament by law.]
2[(3) Parliament may by law formulate principles for determining when a 3[sale or purchase of, or consignment of, goods] takes place in the course of inter-State trade or commerce.]
_____________________
1. Subs. By the Constitution (Eightieth Amendment) Act, 2000, s.2 for cl. (1) & (2) (w.e.f. 9.6.2000)
2. Ins. by the Constitution (Sixth Amendment) Act, 1956, s. 3.
3. Subs. by the Constitution (Forty-sixth Amendment) Act, 1982, s. 2, for “sale or purchase of goods”.