Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC)

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..... ioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC) - reg. Representations have been received seeking clarification regarding applicability of GST on Asian Development Bank (ADB) and I .....

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..... Corporation, its assets, properties, income and its operations and transactions authorised by the Agreement, shall be immune from all taxation and from all customs duties. The Corporation shall also be immune from liability for the collection or payment of any tax or duty [Section 3 (1) of IFC Act, 1958 read with Article VI, Section 9 (a) of the Schedule thereto refers]. 3. CESTAT Mumbai vide fi .....

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..... . The exemption will be available only to the services provided by ADB and IFC and not to any entity appointed by or working on behalf of ADB or IFC. 5. Difficulty if any, in the implementation of this Circular may be brought to the notice of the Board. Yours Faithfully, (Shashikant Mehta) OSD, TRU Email: [email protected] Tel: 011 2309 5547
Circular, Trade Notice, Public Notice, I .....

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