The enrolment drive kicked off last month with Puducherry and Sikkim, and covered 19 more states and Union territories
Govt of India has 24.5% stake in Goods and Services Tax Network and the state govts an equal share
Of this, Rs 250 cr is towards working capital and Rs 550 cr is long-term
Pvt body working closely with BPM software firms like SAP, Tally and Oracle to facilitate timely preparedness for the transition
Loan amount to be used towards expenditure on salaries and payment to IT partner, Infosys
GSTN is the special purpose vehicle that was formed by the UPA govt to set up the IT framework for rolling out the indirect tax regime
To help in plugging leakages, identifying economic trends
Once GSTN starts rolling out, we will be charging the central and the state governments a fee, said Kumar