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

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..... of 2019. To, ……………………. ……………………. Subject: Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IRC) Sir/ Gentlemen/ Madam, 1. Certain representations have been received in the Board seeking clarification as regards applicability of GST on As .....

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..... contained in any 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. 2.2. 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 ther .....

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..... 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. 5. Difficulty, if any, in implementation of this Circular may be brought to the notice of the office of the Commissioner of State Tax, Maharashtra State. Yours Faithfully, (Rajiv Jalota) Commissioner of S .....

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