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).
Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 6000 in 24 months. If the same sum had been invested for 1 year at compound interest...
Aman invested Rs. 6,500 in scheme ‘Alpha’ which offered compound interest compounded annually at 10% per annum for 3 years. He also put Rs. ‘P’ ...
Ankit invested a total of Rs. 63,000 between two SIPs: 'P', offering 10% compound interest compounded annually, and 'Q', offering 12% simple interest pe...
- The simple interest earned on investing Rs. (80X + 2000) at simple interest of 15% p.a. for 36 months is Rs. 576 less than the total amount received on inv...
'S' allocated 40% of his monthly income to SIP P, where it accrues a simple interest of 18% p.a. The remaining 60% was directed to SIP Q, with a compoun...
Rs. 2000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the in...
- Priya deposited Rs. ‘x’ at 14% p.a. simple interest, and Neha deposited Rs. (x + 600) at 11% p.a. simple interest. If after 2 years, the total interest...
A man deposited Rs. ‘x + 1400’ at 12% per annum simple interest and earned Rs. 828 as interest after 2 years. Find the interest earned by him if he ...
John borrowed some money from Alex at 10% simple interest per annum. He lended this money to Shaun at 20% compound interest per annum, and made a profit...
Mr. P invested Rs. ‘10x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘A’ at the end of...
