<h1>GST Council Meeting: Life-Saving Drugs Tax Exemption, COVID-19 Treatment Rates Extended, Cancer Drug GST Reduced to 5.</h1> The 45th GST Council meeting, chaired by the Union Finance Minister, announced several key decisions. Life-saving drugs for Spinal-Muscular Atrophy were exempted from GST when imported for personal use. Concessional GST rates on COVID-19 treatment drugs were extended to December 31, 2021, with rates on seven additional medicines reduced to 5%. The GST rate on cancer treatment drug Keytruda was also reduced to 5%. The Council recommended changes in GST rates for various goods and services, including retro fitment kits for the disabled and fortified rice kernels. Two GoMs were established to address inverted duty structures and improve compliance through technology.