Goods and Services Tax Network

Question 1

Who approved government ownership in GSTN ?

Answer 1

Union Cabinet

Question 2

Is GSTN for profit ?

Answer 2

No

Question 3

Which Act does government govern GSTN with ?

Answer 3

Companies Act

Question 4

Which Section of Companies Act ?

Answer 4

Section 8

Question 5

How much equity does Center hold ?

Answer 5

24.5%

Question 6

How much equity do all the states and UT together hold ?

Answer 6

24.5%

Question 7

Who holds the remaining 51% equity ?

Answer 7

Non-Government Financial Institutions

Question 8

What is the primary purpose in setting up GSTN ?

Answer 8

Providing IT infrastructure and services

Question 9

To whom is IT services provided ?

Answer 9

States and Centers and Stakeholders

Question 10

What is the reason for providing IT services ?

Answer 10

Implementing GSTN

Question 11

Now, under the new scheme how much will center own ?

Answer 11

50%

Question 12

How much will States own ?

Answer 12

50%

Question 13

How many directors will be on the board ?

Answer 13

11

Question 14

Apart from 1 Chairman and 1 CEO, who are the other 9 members ?

Answer 14

3 from Center
3 from State
3 Independent Directors