In the last GST council meeting held on 14th March, 2020, the GST rate on mobile phones was increased to correct the inverted duty structure on recommendations of Fitment Committee. GST rate was raised from 12% to 18% on mobile phones. Another decision made by the Council was to make effective the proviso of section 50(1) of the CGST Act inserted vide Finance Act (No. 2) of 2019 which seeks to correct an anomaly in the provision as it existed prior to such insertion. Same was held by Madras High Court and the effect of the same should be read operative retrospectively. Therefore, demands raised by the department for payment of interest on gross GST liability, paid by utilizing input tax credit stand invalid. Waiver of late fees of Rs. 200/- per day applicable for other taxpayers having aggregate turnover of more than Rs. 2 crores for delay in filing of GSTR-9. Further, present due date for filing Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) on 31st March 2020 extended till 30th June 2020. A relief is given to taxpayers by raising the limit of aggregate turnover of Rs. 2 crores to Rs. 5 crores for getting their accounts audited and furnishing reconciliation statement in GSTR-9C. Council seems to walk on current path of furnishing GSTR-3B return till September, 2020. E-invoicing and QR code has been deferred till 1st October 2020 on account of technology being under development phase as on date. Earlier w.e.f. 1st April 2020, the taxpayers having aggregate turnover exceeding Rs.100 crores were required to issue e-invoice for B2B supplies, and taxpayers having aggregate turnover exceeding Rs. 500 crores were required to print QR code in the invoice for B2C supplies. A new facility called ‘Know Your Supplier’ will be introduced for every registered person which will allow them to access some basic information about the suppliers with whom they conduct or propose to conduct business. Further, Council has also proposed to bring about a special procedure to ensure compliance with the provisions of GST laws by the corporate debtors who are undergoing the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.