<h1>GST Council Meeting Stalls; State Finance Ministers to Seek Consensus on Assessee Division and Tax Slabs.</h1> The GST Council meeting ended without resolution, prompting state finance ministers to meet on November 20 to seek political consensus. Discussions focused on whether to divide assessees horizontally with a Rs. 1.5 crore turnover threshold or vertically without a threshold. The November 9-10 meeting was canceled, and drafts for four supplementary bills are to be prepared by November 15, with states having a week for feedback. The GST system will have four tax slabs-5%, 12%, 18%, and 28%-plus a cess on luxury and sin goods. The Centre and states will split the GST rate equally, and the IGST will manage inter-state transactions.