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of <h1>Andhra Pradesh clarifies GST exemption for services provided directly by ADB and IFC under respective Acts.</h1> The circular issued by the Andhra Pradesh Commercial Taxes Department clarifies the applicability of GST on services provided by the Asian Development Bank (ADB) and the International Finance Corporation (IFC). According to the ADB Act, 1966, and the IFC Act, 1958, both organizations and their operations are exempt from all forms of taxation, including GST, due to their international agreements. This exemption applies solely to services directly provided by ADB and IFC, not extending to entities appointed by or working on their behalf. The clarification aligns with existing laws and international agreements.
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