Cabinet clears proposal to convert GSTN into govt company
The Cabinet on Wednesday cleared a proposal to convert GST Network (GSTN) into a 100% government-owned company, Finance Minister Arun Jaitley said. He added that 50% stake will be owned by the Centre and the remaining by the states. Currently, the Centre and states together hold 49% stake in GSTN, which provides IT infrastructure to the new indirect tax regime. 