https://www.taxtmi.com/caselaws?id=797632 Arrangement fees paid to the Asian Development Bank and International Finance Corporation for processing overseas loans were exempt from service tax because statutory immunities protected their operations and transactions from taxation. CBIC clarification extended the relevant exemption to service tax, confirming that services supplied by these institutions were covered. The withdrawal of Revenue's civil appeals left the earlier application of those immunities undisturbed. Consequently, recipients paying arrangement fees to ADB or IFC incurred no service-tax liability under the reverse charge mechanism. en-us Wed, 19 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797632 Arrangement fees paid to the Asian Development Bank and International Finance Corporation for processing overseas loans were exempt from service tax because statutory immunities protected their operations and transactions from taxation. CBIC clarification extended the relevant exemption to service tax, confirming that services supplied by these institutions were covered. The withdrawal of Revenue's civil appeals left the earlier application of those immunities undisturbed. Consequently, recipients paying arrangement fees to ADB or IFC incurred no service-tax liability under the reverse charge mechanism. Case-Laws Service Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797632