GSTN. a non for profit organization, non-government, private limited Company promoted by government with mandate to build IT support for GST implementation and smooth running, will borrow Rs 800 crore from banks to finance infrastructure costs to support Goods and Services Tax rollout from April 1st 2017.
This Company will borrow Rs 250 crore for working Capital needs and another Rs 550 crore as long term loans from domestic lenders for this purpose.
Source: Business Standard
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