Consider the following statements regarding the Goods and Services Tax Network (GSTN) –
(i) It is a non-government, private limited company.
(ii) It is a not for profit company.
Select the correct answer using the code given below -

Correct option is C

The correct answer is (c) Both (i) and (ii).
Explanation:
· Statement (i): Correct. The Goods and Services Tax Network (GSTN) is indeed a non-government, private limited company.
· Statement (ii): Correct. GSTN is also a not-for-profit company.
Information Booster:
· GSTN: The Goods and Services Tax Network is the IT backbone of the Goods and Services Tax (GST) system in India, responsible for managing the entire IT system of the GST portal.
· Non-Government, Private Limited Company: Although GSTN is a private company, it is owned by the government and non-government institutions. Initially, the government held 49% of the shares, and private entities held the remaining 51%. Later, the government increased its stake to 100%, making it more aligned with government control while still retaining its private limited status.
· Not-for-Profit: As a not-for-profit entity, GSTN focuses on providing services and infrastructure for the implementation of GST rather than making profits.