Which of the following statements regarding Article 270 are correct?
1. Article 270 governs the sharing of taxes between the Union and States, including proceeds from GST.
2. After the 101st Constitutional Amendment, Article 270 includes provisions for distributing revenue from Union taxes and GST.
3. The GST Compensation Cess is also shared between the Union and States under Article 270.

Correct option is C

The correct answer is (c) 1 and 2 only.
• Article 270 deals with distribution of Union taxes between Centre and States.
• After the 101st Constitutional Amendment, GST revenues (except cess) are included in the divisible pool.
• GST Compensation Cess is not shareable under Article 270.
Information Booster:
• Article 270 works along with Article 280 (Finance Commission).
• GST was implemented from 1 July 2017.
• Compensation Cess is levied under a separate law.
Additional Knowledge:
• Compensation Cess is retained by the Union to compensate States for revenue loss.
• Divisible pool excludes surcharges and cesses.