Article 268 of CoI : Article 268: Duties levied by the Union but collected and appropriated by the States.

CoI

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Explanation using Example

Example 1:

Scenario: Purchase of Property in Maharashtra

Details:

  • Mr. Sharma buys a piece of land in Maharashtra.
  • The transaction requires payment of stamp duty, which is listed in the Union List.

Application of Article 268:

  • The stamp duty is levied by the Government of India.
  • Since Maharashtra is a state, the stamp duty is collected by the Maharashtra State Government.
  • The proceeds from the stamp duty collected in Maharashtra do not go to the Consolidated Fund of India but are assigned to the Maharashtra State Government.

Example 2:

Scenario: Purchase of Property in Delhi (Union Territory)

Details:

  • Ms. Gupta buys an apartment in Delhi, which is a Union Territory.
  • The transaction requires payment of stamp duty, which is listed in the Union List.

Application of Article 268:

  • The stamp duty is levied ...

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