<h1>GST Network becomes fully government-owned; 51% equity transferred to Central and State governments equally.</h1> The GST Council resolved to convert the Goods and Services Tax Network (GSTN) into a fully government-owned entity by transferring 51% of equity shares from non-government institutions to the Central and State governments equally. This decision, made in May 2018, was approved by the Union Cabinet in September 2018. Consequently, the necessary amendments to GSTN's Memorandum and Articles of Association were approved by the GST Council and the Ministry of Corporate Affairs in March 2019. The shareholders of GSTN also approved these changes and the share transfer in an extraordinary general meeting in June 2019.