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GSTIN will be fully owned by the government: Union Cabinet

New Delhi, Sep 26 (UNI) The Union Cabinet on Tuesday approved that the Goods and Services Tax Network would now be fully owned by the government.

The restructure GSTN, with 100 per cent government ownership shall have equity structure between the Centre 50 per cent and states 50 per cent, Union Finance Minister Arun Jaitely told a press conference after the Cabinet meeting.

The Government would acquire the entire 51 per cent equity held by the non-government institutions in the GSTN equally by the Centre and states and the GSTN Board would initiate the process for acquisition of equity held by private companies.

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