IFC Transactions Exempt from Service Tax Due to Immunity Under IFC Act 1958.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Transaction with International Financial Corporation (IFC) - whether liable to service tax? - IFC Act 1958 clearly provides for immunity of all transactions and operations of IFC. - there is no separate exemptions required as the transaction of IFC were made immune to tax in terms of IFC Act - AT....