"Still there are some operational issues which are to be sorted out. "Major concern is that GSTN's accountability, deliverables should be clear to the states and to GSTN. Its financial model was decided today and every one was in consensus that both Centre and states should contribute," he said.GSTN provides information to help taxpayers (buyer-seller pair) to reconcile differences in sales and purchase data themselves within specified time.GSTN is a not-for-profit, non-Government, private limited company. It was incorporated on March 28, 2013.The Government of India holds 24.5 per cent equity in GSTN and all states of the Indian Union, including NCT of Delhi and Puducherry, and the Empowered Committee of State Finance Ministers (EC), together hold another 24.5 per cent. Balance 51 per cent equity is with non-Government financial institutions.The company has been set up primarily to provide IT infrastructure and services to the central and state governments, tax payers and other stakeholders for implementation of the Goods and Services Tax (GST).

Source: Economic Times August 30, 2016 14:37 UTC