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GST is a consumption-based tax/destination-based tax, therefore, taxes are paid by the state where the goods or services are consumed not the state in which they were produced. IGST complicates tax collection for State Governments by disabling them from collecting the tax owed to them directly from the Central Government.
The ISIL (Da'esh) and Al-Qaida Sanctions Committee [a] is a committee of the United Nations Security Council tasked with implementing international sanctions against the Islamic State and al-Qaeda. It was established as the Al-Qaida and Taliban Sanctions Committee on 15 October 1999, pursuant to Security Council Resolution 1267 , which ...
Economic sanctions or embargoes are commercial and financial penalties applied by states or institutions against states, groups, or individuals. [1] [2] Economic sanctions are a form of coercion that attempts to get an actor to change its behavior through disruption in economic exchange.
A new sanctions regime targeting the Taliban and associates; Afghan-Taliban individuals listed under the list of sanctioned individuals created after Resolution 1267 were moved to the new sanctions list created by the current resolution; A new "Afghanistan Sanctions Committee" was established to oversee the implementation of the sanctions;
Most favoured nation status is given to an international trade partner to ensure non-discriminatory trade between all partner countries of the WTO. A country which provides MFN status to another country has to provide concessions, privileges, and immunity in trade agreements. It is the first clause in the GATT.
The Act was signed into law by US President Donald Trump on 14 July 2020, [1] and imposes sanctions on officials and entities in Hong Kong as well as in mainland China that are deemed to help violate Hong Kong's autonomy, and punishes financial institutions that do business with them.
Sanctions against Russia already had a significant impact on global banks. Since the invasion in 2022, the value of EU imports from Russia fell by half to about 10 billion euros ($10.85bn) in December 2022. As a result, particularly European banks experienced a serious downturn that could be felt worldwide.
International sanctions against Syria are a series of economic sanctions and restrictions imposed on Syria which was under the Ba'athist regime at that time by the European Union, the United States, Canada, Australia, and Switzerland, mainly as a result of the repression of civilians in the Syrian civil war from 2011 onwards.