THE KNOWLEDGE

  North Korea illegally exported $270M in goods so far this year, UN says   UNITED NATIONS –   North Korea illegally exported coal, iron and other commodities worth at least $270 million to China and other countries including India, Malaysia and Sri Lanka in the six-month period ending in early August in violation of U.N. sanctions, U.N. experts say. The experts monitoring sanctions said in a report released Saturday that Kim Jong Un's government continues to flout sanctions on commodities as well as an arms embargo and restrictions on shipping and financial activities. They said North Korea is also reportedly continuing prohibited nuclear activities with weapons-grade fissile material production at the Yongbyon nuclear complex, construction and maintenance at the Punggye-ri nuclear test site, and at a uranium ...

Goods and Services Tax  (GST ) Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017,following the passage of Constitution 122nd Amendment Bill. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% and 18%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 15% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. Touted by the government to be India's biggest tax reform in 70 years of independence, the Goods and Services Tax (GST) was finally launched on the midnight of 30 June 2017, though the process of forming the legislation took 17 year...