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

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Full Text of the Document

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....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....

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