GST Council meet ends in stalemate as it failed to any consensus over the issue of compensating the states for the shortfall in GST collections. Addressing the media after the meeting, Nirmala Sitharaman said that the Centre cannot borrow and pay states for the shortfall, it is the States that need to borrow since it would lead to rise in bond yields, resulting in rise in the borrowing costs for the government and the private sector. Here are the top takeaways from the meeting.