Question
Consider the following statements regarding the Goods and Services Tax Network (GSTN):
Select the correct answer using the code given below:
- It is a non-government, private limited company
- It is a not for profit company
Select the correct answer using the code given below:
Answer: Option B
Answer: (b)
Goods and Services Tax Network (GSTN) is a Section 8 (under new companies Act, not for profit companies are governed under section 8), non-Government company.
(But cabinet has approved a decision to make it a wholly-owned govt. company).
It was incorporated on March 28, 2013. The Company has been set up primarily to provide IT infrastructure and services to the Central and State Governments, taxpayers and other stakeholders for implementation of the Goods and Services Tax (GST).
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Answer: (b)
Goods and Services Tax Network (GSTN) is a Section 8 (under new companies Act, not for profit companies are governed under section 8), non-Government company.
(But cabinet has approved a decision to make it a wholly-owned govt. company).
It was incorporated on March 28, 2013. The Company has been set up primarily to provide IT infrastructure and services to the Central and State Governments, taxpayers and other stakeholders for implementation of the Goods and Services Tax (GST).
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