5th GST Council Meeting held on 2nd & 3rd December, 2016 in New Delhi

A two-day 5th GST Council Meeting concluded as on 3rd December. 2016. The outsome from the same is as under:
1: Consensus was still unable to provide any conclusion on the issue of sharing of administrative powers between the centre and the states.
2: The drafts of supporting legislations such as the Central GST and State GST, Integrated GST, and a law detailing compensation to states for loss of revenue in the first five years of the roll-out is yet to be approved by  the Council.
3: "We started approving the laws clause and almost 9 chapters of each have been discussed. We are heading towards consensus on these laws. There are two other laws - Compensation and IGST - which will be discussed in the next meeting on December 11, 12. The issue of dual-control linked IGST remains unresolved we will discuss this as well in the next meeting," said the Finance Minister.
4: He further explained that his approach will be to resolve the pertaining issues by discussion or consensus. So far I have avoided division and i would like to avoid division to the extent it is possible.