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    <title>Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC).</title>
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    <description>The enabling statutes grant immunity from taxation and from obligations to pay, collect or withhold taxes for the multilateral institutions and their authorised operations; accordingly, services directly provided by those institutions are exempt from GST. This exemption arises from statutory immunity and accompanying precedent holding that where the provider is absolved of tax-collection duties there is no scope to tax the recipient. The exemption does not extend to entities appointed by or acting on behalf of the institutions.</description>
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      <description>The enabling statutes grant immunity from taxation and from obligations to pay, collect or withhold taxes for the multilateral institutions and their authorised operations; accordingly, services directly provided by those institutions are exempt from GST. This exemption arises from statutory immunity and accompanying precedent holding that where the provider is absolved of tax-collection duties there is no scope to tax the recipient. The exemption does not extend to entities appointed by or acting on behalf of the institutions.</description>
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      <pubDate>Tue, 15 Jan 2019 00:00:00 +0530</pubDate>
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