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

Jan 02, 2019 | by Avantis RegTech Legal Research Team


The Department of Revenue on January 01, 2019 has issued Clarification on 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.

Accordingly, it is clarified that the services provided by IFC and ADB are exempt from GST in terms of provisions of IFC Act, 1958 and ADB Act. The exemption will be available only to the services provided by ADB and IFC and not to any entity appointed by or working on behalf of ADB or IFC.

[Circular No. 83/02/2019- GST]

URL: http://www.cbic.gov.in/resources//htdocs-cbec/gst/circular-cgst-83.pdf;jsessionid=C4BCF3242817E3212A2F8B441385F5A2


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