Can you explain the nature of taxes not mentioned in either List II or List III?
The taxes not mentioned in either List II or List III are those that fall under the jurisdiction of the Union government, as specified by Article 246 of the Indian Constitution. These taxes can include any other matter not enumerated in List II (State List) or List III (Concurrent List), and they are generally applied to specific transactions or events, such as sales, purchases, consignments, and various types of fees. The nature of these taxes may vary depending on the specific subject matter and context in which they are applied.