The Empowered Committee of State Finance Ministers gave its in-principle approval for creation of a portal, ‘Goods and Service Tax Network’ (GSTN), which is expected to provide an interface to all stakeholders, and avoid evasion in indirect taxation systems. A special purpose vehicle (SPV) will be set up for introducing the information technology infrastructure (GSTN), which is based on recommendations made by a group chaired by Nandan Nilekani.
