GST Rates Reduced on Life Saving Drugs: 45th GST Council Meeting

GST Rates Reduced on Life Saving Drugs: 45th GST Council Meeting The GST Council’s 45^th meeting was held  in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. GST Council has inter-alia made the following recommendations relating to change in GST rates on Life Saving Drugs. Life-saving drugs Zolgensma and Viltepso used to treat Spinal Muscular Atrophy are exempt from GST when imported for personal use. Medications used to treat cancer such as Keytruda now have a GST rate of 5% instead of the previous 12. Retrofit kits for cars operated by people with exceptional powers now have a GST charge of only 5%. GST rates have been cut from 18 percent to 5 percent on Fortified Rice Kernels used in programmes like ICDS.