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

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....19 To, Special Commissioner Additional Commissioners/ Joint Commissioners/Deputy Commissioners/ Assistant Commissioner/State Tax Officers/ State Tax, Chhattisgarh (All) ................................................. Subject: Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC) - reg. Repre....

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.... 2.1 Similarly, IFC Act, 1958 also provides that notwithstanding anything to the contrary contained 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. The Corporation shall also be immune from liability for the collection or payment of any tax or duty [S....