Composition of Goods and Services Tax Network (GSTN) — a private company tasked with creating Information Technology infrastructure for the tax — is currently being considered to ensure that the central government has a major stake in it.
The government of India currently has 24.5 per cent stake in GSTN while state governments together hold another 24.5 per cent. The remaining 51 per cent remains with non-government financial institutions, like HDFC Bank, ICICI Bank and LIC Housing Finance.
