Are GST norms posing hurdle in listing of RVNL, other PSUs?

The definition of a ‘government entity’ under the goods and services tax (GST) regime is proving to be an impediment for stock market listing of companies such as Rail Vikas Nigam (RVNL) and could also hit similar plans of a clutch of other entities such as the National Highways Authority of India (NHAI), which executes construction works awarded by the government. As per the conditions, an entity…