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

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..... ---------------------------------------------------------------- Office of the Chief Commissioner of State Tax, EdupugaIIu, Vijayawada Circular No.08/2019/GST CCTs Ref.in CCW/GST/74/2015 Dt.31.01.2019 Subject: Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC) - reg. This circular is regarding applicability of G .....

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..... other law, the 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. CEST .....

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..... rom GST in terms of provisions of IFC Act, 1958 and ADB Act. 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. Chief Commissioner - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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