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of <h1>Manipur Government Clarifies GST Exemption for Services by ADB and IFC Under ADB Act, 1966 & IFC Act, 1958.</h1> The circular from the Government of Manipur 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 taxation, including GST. This exemption is supported by international agreements and legal precedents, such as a CESTAT Mumbai order. The exemption applies solely to services provided directly by ADB and IFC, not to any third-party entities working on their behalf. Any implementation issues should be reported to the Commissioner of Taxes.
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