Immunity from taxation: services by ADB and IFC are exempt from GST under their constitutive Acts. Immunity from taxation in the ADB Act and the IFC Act exempts ADB and IFC - including their assets, properties, income and operations - from taxation and from any obligation to collect, withhold or pay taxes, which precludes applying GST to services provided directly by ADB and IFC. The exemption is limited to services supplied by ADB and IFC themselves and does not extend to entities appointed by or working on their behalf.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Immunity from taxation: services by ADB and IFC are exempt from GST under their constitutive Acts.
Immunity from taxation in the ADB Act and the IFC Act exempts ADB and IFC - including their assets, properties, income and operations - from taxation and from any obligation to collect, withhold or pay taxes, which precludes applying GST to services provided directly by ADB and IFC. The exemption is limited to services supplied by ADB and IFC themselves and does not extend to entities appointed by or working on their behalf.
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