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IGST

Q. With respe...

Question

Q. With respect to GSTN (Goods and Service Tax Network), consider the following statements:

Which of the statements given above is/are correct?

A

1 only

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B

2 only

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C

Both 1 and 2

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D

Neither 1 nor 2

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Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct: It is a non-profit organization that manages the entire IT system of the GST network.

Statement 2 is incorrect: It is now fully owned by the government. 50% ownership is with the central government and 50% ownership is with state governments and union territories.

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