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

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....THAN, I.A.S., COMMISSIONER OF STATE TAX Dated: 23.04.2019 Circular No. 54/2019-TNGST (RC No.26/2019/A1/Taxation) Sub: Clarification on Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC) - reg. Representations have been received seeking clarification regarding applicability of GST on Asian Development Bank (ADB) and International Finan....

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....its assets, properties, income and its operations and transactions authorised by the Agreement, shall be immune from all taxation and from all customs duties. 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 thereto refers]. 3. CESTAT Mumbai vide final order da....