Question
What is Government of India’s holding in Goods and
Services Tax Network (GSTN)?Solution
GSTN Goods and Services Tax Network (GSTN) is a non-Government, private limited company. It was incorporated on March 28, 2013. The Government of India holds 24.5% equity in GSTN and all States of the Indian Union, including NCT of Delhi and Puducherry, and the Empowered Committee of State Finance Ministers (EC), together hold another 24.5%. Balance 51% equity is with non-Government financial institutions. The Company has been set up primarily to provide IT infrastructure and services to the Central and State Governments, tax payers and other stakeholders for implementation of the Goods and Services Tax (GST). The Authorised Capital of the company is Rs. 10,00,00,000 (Rupees ten crore only).
A and B entered into a business investing their capital in the ratio of 16:21, respectively and the respective ratio of time for which they made their i...
Ravi and Mohan started a business by investing Rs. ‘X’ and Rs. (X + 600), respectively. 18 months later, Mohan withdrew his entire investment. At th...
- Aman and Rohit invested Rs. 1500 and Rs. 2000 in a venture. After 8 months, Suresh joined with Rs. ‘x’. If Aman’s share from total profit of Rs. 900 ...
Anna and Ben initially invested Rs. 12,500 and Rs. 15,000 in a business venture. Six months into the business, Anna added another Rs. 2,500 to her inves...
- X and Y invested Rs. 48,000 and Rs. 36,000 respectively in a business. After 4 months, Z joined them with an investment of Rs. 30,000. If the annual profit...
Partners P, Q, and R started a company. P invested 36% more than R, and Q invested 54% more than R. If the total profit after a year is Rs. 42000, how m...
‘A’ started a business with the investment of Rs. 12000. After ‘x’ months and after 3 months from starting ‘B’ and ‘C’, respectively, jo...
A and B started a business by investing Rs.300 and Rs.400 respectively. After 6 months, A increased his investment by Rs.800. Find the ratio of annual p...
Three friends, Aman, Bheema, and Chetan, together invested a total of Rs. 9400. After one year, they received profits of Rs. 1440...
'A' and 'B' started a partnership by investing Rs. 9,000 and Rs. 12,000 respectively. 25% of the total profit is given to 'A' for managing the business,...
