Union finance minister Arun Jaitley on Tuesday asserted in the Lok Sabha that demonetisation has squeezed terror funding in the Valley. The finance minister said demonetisation was the reason that forced stone-pelters to loot public banks.
The Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017, would provide for levy of the GST on goods sold and services rendered in the state, while the integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 seeks to levy the tax on inter-state movement of goods.
Terror funding squeezed after demonetisation: Finance Minister Arun Jaitley in Lok Sabha— ANI (@ANI_news) August 1, 2017
Jaitley introduced both these bills in the Lok Sabha. While the GST, which replaced more than a dozen central land state levies, came into effect from July 1 all over the country, the Jammu and Kashmir assembly passed a resolution-adopting the constitutional amendment only on July 5. (With PTI inputs)