GSTN (GST Network)
Most Important Points to be Remembered under this :-
- Registered Under Section 8 of the new companies Act
- Not for profit company,
- Non-Government, private limited company.
- It was incorporated on March 28, 2013.
- The GOI has 24.5% equity in GSTN
- 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%.
- Together State Govt. + Central Govt.+DELHI AND PUDUCHERRY Make 49%
- Balance 51% 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).
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