https://www.taxtmi.com/caselaws?id=335584 Services received from the Asian Development Bank and the International Finance Corporation were held not liable to service tax under section 66A on a reverse-charge basis, because their statutory status and immunities placed them outside ordinary imported-service treatment. The Tribunal further held that the immunity provisions in the Asian Development Bank Act, 1966 and the International Finance Corporation (Status, Immunities and Privileges) Act, 1958, having the force of law in India, broadly excluded taxation and also any obligation to collect or withhold tax. As a result, the demands for tax, interest, and penalties were set aside. en-us Mon, 17 Oct 2016 00:00:00 +0530 Mon, 17 Jun 2019 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335584 Services received from the Asian Development Bank and the International Finance Corporation were held not liable to service tax under section 66A on a reverse-charge basis, because their statutory status and immunities placed them outside ordinary imported-service treatment. The Tribunal further held that the immunity provisions in the Asian Development Bank Act, 1966 and the International Finance Corporation (Status, Immunities and Privileges) Act, 1958, having the force of law in India, broadly excluded taxation and also any obligation to collect or withhold tax. As a result, the demands for tax, interest, and penalties were set aside. Case-Laws Service Tax Mon, 17 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335584