Cabinet approves 100% govt stake in GST Network

The Union Cabinet approved increasing the government’s ownership in the Goods and Services Tax Network (GSTN) to 100% from the existing 49% and also change the existing structure in line with a transition plan. “The Union Cabinet approved acquisition of the entire 51% equity held by the non-government institutions in GSTN equally by the Centre and the State governments,” said the government in a statement.

Source :  https://www.thehindu.com/todays-paper/tp-business/cabinet-approves-100-govt-stake-in-gst-network/article25052910.ece

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