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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....019 CIRCULAR (No. 45/2018-19-GST) Subject: Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC). Representations have been received seeking clarification regarding applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC). The matter has been examined. 2. The ADB Act, 1966 provides that notwithstandin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 dated 17-10-2016 in the case of M/s. Coastal Gujarat Power Ltd. has held that when the enactments that hon....