The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved increasing of Government ownership in Goods and Services Tax Network (GSTN) and change in the existing structure with transitional plan as per following:

• Acquisition of entire 51% equity held by the Non-Government Institutions in GSTN equally by the Centre and the State Governments and allow GSTN Board to initiate the process for acquisition of equity held by the private companies.
• The restructure GSTN, with 100% government ownership shall have equity structure between the Centre (50%) and the States (50%).
• To allow change in the existing composition of the Board of GSTN inducting three directors from the Centre and the States and three other independent directors to be nominated by the Board of Directors and one Chairman and the CEO.Thus the total number of Directors is 11.

Government ownership increase in GSTN transfers private equity to public ownership and mandates board reconstitution. The Government will acquire non-government equity in the Goods and Services Tax Network, converting GSTN to full government ownership with equal equity between the Centre and the States, and the GSTN Board is authorised to initiate the acquisition process; board composition will be revised to include Centre and State directors, board-nominated independents, a Chairman and a CEO to align governance with the new ownership.