What are the constitutional articles that deal with distribution of financial functions and powers in India?

The distribution of financial functions and powers are mainly discussed in articles 264 to 293; and no other federal Constitution has made such elaborate provisions as Constitution of India with respect to the relationships between the Union and States in the financial field. Among these articles, the important are as follows: Article 265 says that not tax can be imposed except authority of law; Article 266 provides for consolidated fund and public accounts for union and states; Article 266 provides for a contingency fund; Article 268 discusses the duties levied by the Union but collected and appropriated by the States; Article 269 discusses taxes levied and collected by the Union but assigned to the States; Article 270 provides taxes levied and collected by the Union and distributed between the Union and the States; Article 271 provides for surcharges {cess etc.}; Article 273 provides for grants to promote jute and jute products; Article 274 provides for prior recommendation of president for bills which might affect states’ interests; Article 275 makes provisions for grants from union to states; Article 280 makes provisions for finance commission; article 281 provides for Recommendations of the Finance Commission; Articles 292 and 293 make provisions for borrowings by centre and state respectively. Apart from these articles, there are some other provisions also which deal in financial relations between union and states. Further, Constitution amendment for GST Bill has also included some articles which would impact these relations.