Finance Ministry extends deadline for filing GST annual returns till March 31

Finance Ministry extends deadline for filing GST annual returns till March 31

The Finance Ministry has extended the last date for filing annual GST return forms by three months until March 31, 2019. The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September. The last date for filing was set at December 31, 2018. In a statement, the Central Board of Indirect Taxes and Customs (CBIC) said, “the competent authority has decided to extend the due date…

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Colgate Extends Restructuring Programme, to Cut More Jobs

Colgate Extends Restructuring Programme, to Cut More Jobs

Colgate-Palmolive Co said on Thursday it would cut more jobs under an extended restructuring programme as the world’s largest toothpaste maker grapples with tough macro-economic conditions, including a strong dollar. The programme, now expected to end in December 2017, will result in the reduction of 3,300 to 3,800 positions globally. Colgate, had earlier said it expected to complete the programme this year and cut about 2,700 to 3,200 positions. The company, which gets more than three-fourths of its revenue from outside the United States, has been raising prices to counter…

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