« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Finmin opposes move to shift fiscal goalposts... State FMs, Centre inch closer to blueprint for reducing CST... » FM, VAT panel to work out compensation package August, 25th 2006 Union Finance Ministry and VAT panel will try to iron out their differences over a compensation package in a week's time to enable states to implement phased reduction of central sales tax from October 1. Union Finance Ministry and the Empowered Committee of state finance ministers on VAT have some differences over the compensation package and both sides will try to iron them out, VAT panel Chairman Asim Dasgupta told mediapersons after meeting Finance Minister P Chidambaram. "We are trying hard from both sides to converge to an agreed compensation package. Our meeting in that sense is fruitful. There were some differences of opinion. We are trying to iron out those differences," he said. To this end, Parthasarthi Shome, Advisor to the Finance Minister and VAT Panel Secretary Satish Chandra will work out an agreed compensation package. "In seven days time, we will meet again with an objective to attain convergence to agreed compensation package," he said. When asked how confident he is that CST phase-out would start from October 1, Dasgupta said he is incurably a confident man. Coming out of the meeting, Chidambaram merely said," We need to meet again."