Summary of the key points discussed in the 54th GST Council meeting today: 1. Goods: Namkeens and Extruded/Expanded Savoury Food Products: GST rate reduced from 18% to 12% for extruded/expanded savoury products (except un-fried/un-cooked snack pellets). Cancer Drugs: GST rate on Trastuzumab Deruxtecan, Osimertinib, and Durvalumab reduced from 12% to 5%. Metal Scrap: Reverse Charge Mechanism (RCM) introduced for supply of metal scrap by unregistered persons to registered persons; TDS of 2% on supply by registered persons . Railway AC Units: Roof Mounted Package Unit (RMPU) air conditioning machines for railways to attract 28% GST. 2. Services: Life and Health Insurance: Group of Ministers (GoM) to study GST issues on life and health insurance and report by October 2024. Passenger Transport by Helicopter: GST @ 5% on helicopter passenger transport (seat share); 18% for charter services. Flying Training: Approved flying training courses by DGCA-exempted organizations exempted from GST. Re...