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    <title>Clarification on Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC).</title>
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    <description>Services provided by the Asian Development Bank and the International Finance Corporation are exempt from GST under their constitutive Acts, which confer immunity from taxation, customs duties and any obligation to collect or pay tax. This statutory immunity precludes domestic tax provisions from imposing collection obligations on those institutions. The exemption is confined to services supplied by the institutions themselves and does not extend to entities appointed by or working on their behalf, which remain taxable.</description>
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      <title>Clarification on Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC).</title>
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      <description>Services provided by the Asian Development Bank and the International Finance Corporation are exempt from GST under their constitutive Acts, which confer immunity from taxation, customs duties and any obligation to collect or pay tax. This statutory immunity precludes domestic tax provisions from imposing collection obligations on those institutions. The exemption is confined to services supplied by the institutions themselves and does not extend to entities appointed by or working on their behalf, which remain taxable.</description>
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      <pubDate>Tue, 23 Apr 2019 00:00:00 +0530</pubDate>
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