Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IRC).

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....of 2019. To, ……………………. ……………………. Subject: Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IRC) Sir/ Gentlemen/ Madam, 1. Certain representations have been received in the Board seeking clarification as regards applicability of GST on Asi....

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....ontained in any other law, the Corporation, its assets, properties, income and its operations and transactions authorised by the Agreement, shall be immune from all taxation and from all customs duties. 2.2. The Corporation shall also be immune from liability for the collection or payment of any tax or duty [Section 3 (1) of IFC Act, 1958 read with Article VI, Section 9 (a) of the Schedule there....