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    <title>Applicability of Service Tax on Asian Development Bank (ADB) and International Finance Corporation (IFC)</title>
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    <description>Exemption from indirect taxation is affirmed for services provided directly by specified multilateral development and international financial institutions under their constitutive Acts, and that exemption under GST does not extend to entities appointed by or acting on behalf of those institutions; the GST clarification applies mutatis mutandis to Service Tax.</description>
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      <description>Exemption from indirect taxation is affirmed for services provided directly by specified multilateral development and international financial institutions under their constitutive Acts, and that exemption under GST does not extend to entities appointed by or acting on behalf of those institutions; the GST clarification applies mutatis mutandis to Service Tax.</description>
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