📜 Official Text

(1) Most Union List taxes/duties (except those under Articles 268, 269, 269A, surcharges under Article 271, and cesses for specific purposes) are levied and collected by the Union and distributed between the Union and states per clause (2). (1A)-(1B) GST revenue collected by the Union under Article 246A(1) is also distributed this way. (2)-(3) A prescribed percentage of net proceeds doesn't form part of the Consolidated Fund of India - it's assigned to states and distributed among them, as the President prescribes (by order, initially, or after considering Finance Commission recommendations once one exists).