Question 4 – Draft-Bills-Reports – GSTN and Frontend Business Process on GST Portal – FAQ on GST (2nd Edition) dated 31.3.2017 – Question 4 – Q 4. What is the equity structure and Revenue Model of GSTN? Ans. (a) Equity Structure: – In compliance of the Cabinet decision, GST Network was registered as a not-for-profit, non-Government, private limited company under section 8 of the Companies Act, 1956 with the following equity structure: Central Govt 24.5% State Govts 24.5% HDFC 10% HDFC Bank 10% ICICI Bank 10% NSE Strategic Investment Co 10% LIC Housing Finance Ltd 11% The GSTN in its current form was created after taking approval of the Empowered Committee of State Finance Ministers and Union Government after due deliberations over a long p
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