<h1>GST Council Proposes Interest on Net Cash Liability, Extends Filing Deadlines, and Defers E-Invoicing to Oct 2020.</h1> The 39th GST Council meeting, chaired by the Union Finance Minister, recommended several changes to GST laws and procedures to facilitate trade. Key measures include charging interest on delayed GST payments based on net cash liability from July 2017, extending deadlines for revocation of registration cancellations and annual return filings, and introducing a 'Know Your Supplier' facility. MSMEs are granted relaxation from certain filing requirements, and e-invoicing implementation is deferred to October 2020. The Council also outlined special procedures for corporate debtors under insolvency and extended certain exemptions and schemes. Amendments to CGST Rules and restrictions on ITC for new registrations were also proposed.