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of <h1>GST Council Cuts Taxes on COVID-19 Essentials, Maintains 5% Rate on Vaccines; Implements GoM's Recommendations with Changes.</h1> The 44th GST Council meeting, chaired by the Finance Minister, focused on tax exemptions and reductions for COVID-19 related items, following discussions from the 43rd meeting. The Council agreed to exempt certain medicines and reduce GST rates on other COVID-19 essentials like oxygen and testing kits to 5%. Vaccines remained at a 5% tax rate, as most were procured by the government. The Group of Ministers (GoM) did not recommend zero-rating or a 0.1% tax rate due to potential impacts on manufacturing and tax structure. The Council accepted the GoM's recommendations with minor modifications for immediate implementation.
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