Freepressjournal : Latest Indian news,Live updates
  • Home
  • Opinion
  • India
    • Lok Sabha Elections 2019
    • Lok Sabha Elections 2019
    • Elections 2018
  • Cities
    • Mumbai
    • Pune
    • Delhi
    • Indore
    • Bhopal
    • Ujjain
  • World
  • Business
    • Budget 2019
    • Sponsored Content
    • Events Corner
  • Entertainment
    • Hollywood
    • Bollywood
    • Television
    • Regional Film News
    • Movie Reviews
    • Movie Trailers
  • Sports
    • Cricket
    • Football
  • Features
    • Infographics
    • Interviews
    • Personal Finance
    • Education
    • Lifestyle
    • Book Reviews
    • Peace of Mind
    • Weekend
    • Whats’s Up
    • Sex and Relationships
    • Food
    • Travel
  • FPJ Initiatives
    • FPJ Roundtable
    • India’s Coastline-Engine and Wheel of Economic Growth
    • IAA-The Gutenberg Galaxy Book Launch
    • Madhya Pradesh Glorious Agri-Revolution
    • India and its neighbours
    • India and the World
    • FPJ FORUM
    • Public Notice
    • The FPJ Management Scholarship
      • FPJ Management Scholarship Awards
  • Epaper

Freepressjournal : Latest Indian news,Live updates

  • Home
  • Opinion
  • India
    • Lok Sabha Elections 2019
    • Lok Sabha Elections 2019
    • Elections 2018
  • Cities
    • Mumbai
    • Pune
    • Delhi
    • Indore
    • Bhopal
    • Ujjain
  • World
  • Business
    • Budget 2019
    • Sponsored Content
    • Events Corner
  • Entertainment
    • Hollywood
    • Bollywood
    • Television
    • Regional Film News
    • Movie Reviews
    • Movie Trailers
  • Sports
    • Cricket
    • Football
  • Features
    • Infographics
    • Interviews
    • Personal Finance
    • Education
    • Lifestyle
    • Book Reviews
    • Peace of Mind
    • Weekend
    • Whats’s Up
    • Sex and Relationships
    • Food
    • Travel
  • FPJ Initiatives
    • FPJ Roundtable
    • India’s Coastline-Engine and Wheel of Economic Growth
    • IAA-The Gutenberg Galaxy Book Launch
    • Madhya Pradesh Glorious Agri-Revolution
    • India and its neighbours
    • India and the World
    • FPJ FORUM
    • Public Notice
    • The FPJ Management Scholarship
      • FPJ Management Scholarship Awards
  • Epaper

Cabinet approves proposal to convert GSTN into government entity

by PTI September 26, 2018 4:02 pm
written by PTI September 26, 2018 4:02 pm
maharashtra, maharashtra traders, apmc, professional tax, GST, APMC market, Vashi

New Delhi: The Cabinet Wednesday cleared a proposal to convert GST Network (GSTN) into a government-owned company, Finance Minister Arun Jaitley said.

Briefing reporters about the decisions taken in the Cabinet meeting, the finance minister said that 50 per cent stake will be owned by the Centre and the remaining by the states on pro-rata basis in the new structure.

Currently, the Centre and states together hold 49 per cent stake in the GST Network, the company that provides IT backbone to the new indirect tax regime. The remaining 51 per cent is held by five private financial institutions — HDFC Ltd, HDFC Bank Ltd, ICICI Bank Ltd, NSE Strategic Investment Co and LIC Housing Finance Ltd.

The proposal to convert GSTN into 100 per cent government-owned company was earlier approved by the all-powerful GST Council.

The GSTN was incorporated as a private limited company on March 28, 2013, under the UPA government. It is a Section 8 company under the new Companies Act and hence is a not-for-profit entity.

Arun JaitleyGSTGST NetworkGSTNGSTN news
previous post
Facebook launches programme to boost coding skills of students
next post
French Prez Macron distances himself from Rafale row, says wasn’t in charge when agreement made

You may also like

Shivaji Jayanti 2019: Wishes, messages, images in Marathi...

February 18, 2019 8:14 pm

Kulbhushan Jadhav hearing: Harish Salve exposes Pakistan military...

February 18, 2019 7:07 pm

CCL, BCCL to donate Rs 1.75 crore to...

February 18, 2019 6:44 pm

With elections knocking door, you are trying to...

February 18, 2019 6:31 pm

Who released Masood Azhar in 1999? Sindhu rakes...

February 18, 2019 5:48 pm

Classic Cut! Check out MS Dhoni’s new look

February 18, 2019 5:45 pm

Time for talks over, now world have to...

February 18, 2019 5:26 pm

Beware! Fake donation links claiming to collect money...

February 18, 2019 5:16 pm

‘Universe Boss’ Chris Gayle to retire from ODIs...

February 18, 2019 5:16 pm

No leader in the world has PM Narendra...

February 18, 2019 4:27 pm

Opinions

  • Will Modi declare a war on Pakistan?

    February 18, 2019 8:59 am
  • Cricket Techonolgy: To be or not to be

    February 18, 2019 8:41 am
  • Wage war by other means: Delete Art 370

    February 18, 2019 8:35 am




Web Special

  • Shivaji Jayanti 2019: Wishes, messages, images in Marathi to share on WhatsApp, Facebook and SMS

    February 18, 2019 8:14 pm
  • Who is Harish Salve? Meet India’s expensive lawyer fighting Kulbhushan Jadhav’s case for Re 1

    February 18, 2019 3:47 pm
  • Pulwama Terror Attack: Here’s where to report fake photos and posts

    February 18, 2019 2:14 pm
  • A Hero is Born to Walking in Clouds: 5 books that are just out

    February 17, 2019 7:46 am

Trending

  • Indian broadcaster IMG Reliance pulls out of Pakistan Super League after Pulwama attack 

    February 18, 2019 9:27 am
  • Haven’t replaced Sidhu on ‘The Kapil Sharma Show’: Archana Puran Singh

    February 18, 2019 9:23 am
  • Pakistani artists disappointed over Shabana Azmi, Javed Akhtar cancelling Karachi visit

    February 18, 2019 9:10 am
  • ICC Test rankings: Kusal Perera makes big gains after Durban heroics

    February 18, 2019 5:23 am

Horoscope

  • Today’s Horoscope — Daily Horoscope for Monday, February 18, 2019

    February 18, 2019 8:22 am




Agony Aunt

  • Agony Aunt: Exploring career options, but I am inducted in family business

    February 17, 2019 6:39 am

Sex & Relationship

  • Sex and the city: My honest husband confessed about incestuous relationship with his sister

    February 17, 2019 6:48 am

What is

  • Gujjar quota stir: All you need to know about the reservation protests in Rajasthan

    February 12, 2019 2:37 pm
  • Mamata Banerjee vs CBI: All you need to know about high political drama in Kolkata

    February 4, 2019 10:05 am
  • New DTH tariff regime: Check full list of channels, package rates

    January 30, 2019 9:45 am

Viral

  • Flight of fright: Lion Air passengers shocked to find scorpion crawling inside plane, watch video

    February 18, 2019 2:01 pm
  • Google Gaps! After Maps messes up route to Goa’s Baga beach, locals put up banner saying, “You are fooled by Google Maps”

    February 18, 2019 1:30 pm
  • Black Panther caught on camera, and it’s unlike the one seen in Marvel films

    February 14, 2019 4:21 pm

About Free Press Journal

The Free Press Journal is one of the oldest English Daily newspapers from Mumbai with a heritage of more than 88 years. And yet, The Free Press Journal is a contemporary paper and rooted in current urban realities.

Facebook Twitter Linkedin Youtube Email RSS

Movie Reviews

  • Movie Review: ‘Dev’ is a pointless, boring love story

    February 18, 2019 9:37 am
  • Hum Chaar movie: Review, cast, director

    February 15, 2019 7:23 pm
  • Facebook Wala Pyar movie: Review, cast, director

    February 15, 2019 7:20 pm

Interviews

  • Godrej Memorial Hospital CEO Pravin Swamy: Prevention is key to curb healthcare cost

    February 14, 2019 9:26 am
  • Sancheti Hospital CEO Dr Parag Sancheti: We have created a niche, extended holistic treatment experience

    February 13, 2019 9:33 am
  • Edward I Altman’s Z-score gets rejuvenated for new businesses, even for India

    February 11, 2019 8:11 am
  • Home
  • About Us
  • Authors
  • Careers
  • Disclaimer
  • Privacy Policy
  • Contact Us
  • Advertise with us
  • Archive
  • RSS

@2019 - www.freepressjournal.in. All Right Reserved.