Telangana demands GST postponement; Blames 'demonetization' for 70% revenue loss

Telangana Govt. demands postponement of GST implementation by atleast 6 months; Indicates that State finances have dramatically changed post demonetization, with revenue loss for Dec-Mar quarter estimated at Rs. 10,000 Cr; Raises concern over dip in tax collections, claims that stamp duty, excise and commercial taxes have dropped by 70% since demonetization drive; Telangana Govt. also seeks financial assistance from Centre to dole out State welfare schemes; Says that if Centr...