54th GST council Meeting on 09/09/2024 Recomendation of New Decisions and changes in GST Rule / Act

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GST Council recommends Group of Ministers (GoM) on life
and health insurance related GST with existing GoM on Rate
Rationalisation; to submit report by end of October 2024
GST Council also recommends formation of a GoM to study
the future of compensation cess

GST Council recommends to exempt supply of research and
development services by a Government Entity; or a research
association, university, college or other institution notified
u/s 35 of Income Tax Act using government or private grants

GST Council recommends reduction in GST rates on cancer
drugs - Trastuzumab Deruxtecan, Osimertinib and
Durvalumab from 12% to 5%.

GST Council recommends roll out of a pilot for B2C eInvoicing

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