Union List relevant to taxation :
List I, called “Union List”, contains entries like Defence of India, Foreign Affairs, War and Peace, Banking etc. Entries in this list relevant to taxation provisions, as amended w.e.f. 16-9-2016 are as follows :
Entry No. 82 – Tax on income other than agricultural income.
Entry No. 83 – Duties of customs including export duties.
Entry No. 84 – Duties of excise on the following goods manufactured or produced in India, namely (a) petroleum coke (b) high speed diesel (c) motor spirit (commonly known as petrol) (d) natural gas (e) aviation turbine fuel and (f) tobacco and tobacco products [The entry was reading as follows upto 16-9-2016] – Duties of excise on tobacco and other goods manufactured or produced in India except (a) liquors for human consumption (b) opium, Indian hemp and other narcotic drugs, – – but including medicinal and toilet preparations containing alcohol or any substance included in sub-paragraph (b) of this entry
Entry No. 85 – Corporation Tax.
Entry No. 86 – Taxes on the capital value of the assets, exclusive of agricultural land, of individuals and companies, taxes on the capital of companies.
Entry No. 87 – Estate duty in respect of property other than agricultural land
Entry No. 88 – Duties in respect of succession or property other than agricultural income
Entry No. 89 – Terminal taxes on goods or passengers, carried by railways, sea or air; taxes on railway fares and freights
Entry No. 90 – Taxes other than stamp duties on transactions in stock exchanges and future markets.
Entry No. 91 – Rates of stamp duty in respect of bills of exchange, cheques, promissory notes, bill of lading, letter of credit, policies of insurance, transfer of shares, debentures, proxies and receipts
Entry No. 92 – Omitted [The entry was as follows upto 16-9-2016] – Taxes on the sale or purchase of newspapers and on advertisements published therein.
Entry No. 92A – Taxes on the Sale or purchase of goods other than newspapers, where such sale or purchase takes place in the course of inter-state trade or commerce.
Entry No. 92B – Taxes on consignment of goods (whether the consignment is to the person making it or to any other person), where such consignment takes place during Inter-state trade or commerce.
Entry No. 92C – Omitted [The entry was as follows upto 16-9-2016 -tax on services – even that entry was never notified and was never effective.
Entry No. 96 – Fees in respect of any of the matters in this List, but not including fees taken in any court.
Entry No. 97 – Any other matter not included in List II or List III including any tax not mentioned in list II or list III. (Entry No. 97 covers all ‘Residual Powers’.)