Dr Subramanian Swamy, a member of Parliament (MP) and leader of Bharatiya Janata Party (BJP) has requested Prime Minister Narendra Modi to stay operations of Goods and Service Tax Network (GSTN).
Dr Swamy, in a letter says, "...the GSTN, which is a data processing and tax revenue collection private limited company, which was never security cleared by the Home Ministry, whose clearance is mandatorily required. I strongly urge you to therefore to direct the complete stay of all operations of the presently constituted GSTN and that it remains in operational till it is reconstructed according to our national interest and after security certification by the Home Ministry."
The BJP leader also accused certain officials from the Ministry of Finance and the Chairman of GSTN of telling the media that the entity as constituted will continue without hindrance.
Arguing that the department of electronics and the finance ministry are fully capable of handling GST data, Dr Swamy says "...in effect, GSTN (with the current shareholding) is foreign controlled" and hence, needs to be restructured in national interest.
The central government holds 24.5% stake in GSTN while state governments together hold another 24.5%. The balance 51% equity is with non-government financial institutions like HDFC Bank, HDFC Ltd, ICICI Bank, NSE Strategic Investment Corp and LIC Housing Finance Ltd.
Here is the letter sent by Dr Swamy to the Prime Minister...