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

The conversion of Goods and Services Tax Network (GSTN) into a fully government-owned organisation from a non-government, private limited company, is expected to be completed in next three to four months. Several States have already completed purchasing of shares from the existing non-government shareholders, and the company is reminding the other States to complete the process quickly, said Prakash Kumar, CEO of GSTN. 

"Almost two-third of the states has already bought the shares from the Banks. We expect the remaining one-third will also buy the shares quickly, we are reminding them constantly ," said Kumar. 

"Once that is done, there are some