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Sunday, May 6, 2018

Goods and Services Tax (GST) - 27th GST Council Meeting Friday May 04,2018

The 27th meeting of the GST Council considered introduction of simplified tax return form and also decide on proposal for converting GST Network into a government company.

The Union Finance Minister Arun Jaitley-chaired council, comprising state finance ministers, met through video conferencing.

Currently , five private financial institutions -- HDFC Ltd, HDFC Bank Ltd, ICICI Bank Ltd, NSE Strategic Investment Co and LIC Housing Finance Ltd -- hold 51 per cent stake in GSTN, which was incorporated on March 28, 2013, in the erstwhile UPA regime.

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