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of <h1>Goa Government Circular Confirms GST Exemption for ADB and IFC Under ADB Act, 1966, and IFC Act, 1958.</h1> The circular issued by the Government of Goa clarifies the applicability of GST on the Asian Development Bank (ADB) and the International Finance Corporation (IFC). According to the ADB Act, 1966, and the IFC Act, 1958, both entities and their operations are exempt from all forms of taxation, including GST, due to their international agreements. This exemption applies solely to services provided directly by ADB and IFC and does not extend to other entities working on their behalf. The circular aligns with a similar directive issued under the Central Goods and Services Tax Act, 2017.
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