Arun Jaitley about GST

New Delhi, June 6: Finance Minister Arun Jaitley told The Goods and Services Tax Network (GSTN) will be audited by The Comptroller and Auditor General of India, here on Monday.

Jaitley told 'The present structure of GSTN was decided by the United Progressive Alliance (UPA) when Mr. P Chidambaram was the finance minister. I have personally reviewed the entire structure and I saw no reason to disagree with him,' he said.

GSTN will play a key role in providing IT support to GST. I have clarified and passed an order, the CAG will audit the GSTN," he said.

Jaitley said, 'GSTN will have hundreds of crores of invoices every month, therefore, it needs an extremely efficient IT network.' 'There is nothing wrong in the GSTN government to hold a 49 percent stake in GST,' he said referring to Subramaniam Swamy's comments on government share in GST.



The remaining 51 percent stake in some liabilities like LIC Housing, National Stock Exchange, and HDFC Bank. Therefore, GSTN will have the flexibility to recruit the best IT professionals.

On the other hand, the Chief Executive Officer (CEO) will be appointed by the government and every decision would be with a positive vote of the government. the government has the priority over every decision. The majority of the members of the Board are those who are appointed will be government appointees.