GSTN to be converted into a fully govt-owned company in 3-4 months: CEO
GSTN to be converted into a fully govt-owned company in 3-4 months: CEO The GST Council had decided to convert it into a fully govt-owned company in May, 2018 Current Affairs :The change of Goods and Services Tax Network (GSTN) into a completely government-possessed association from a non-government, private restricted organization, is relied upon to be finished in next three to four months. A few States have just finished buying of offers from the current non-government investors, and the organization is reminding different States to finish the procedure immediately, said Prakash Kumar, CEO of GSTN. “Very nearly two-third of the states has just purchased the offers from the Banks. We expect the staying 33% will likewise purchase the offers rapidly, we are reminding them always ,” said Kumar. “When that is done, there are a few stages, for example, returning to the Ministry of Corporate Affairs for endorsement and later to the Board endorsement, following which it will b...