v3.26.1
TAXES (Tables)
 6 Months Ended 12 Months Ended
Sep. 30, 2025
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Schedule of Components of the Provision for Income Taxes

(i) The components of the provision for income taxes from Cayman Islands, the United States, Hong Kong, and China are as follows:

 

   For the Six Months Ended
September 30,		 
   2025   2024 
Current tax provision        
Cayman Islands  $—   $— 
The United States   —    — 
Hong Kong   —    — 
China   21,400    35,870 
    21,400    35,870 
Deferred tax benefit   　    　 
Cayman Islands   —    — 
The United States   —    — 
Hong Kong   —    — 
China   (1,890)   (8,826)
    (1,890)   (8,826)
Provision for income taxes  $19,510   $27,044 
   For the Years Ended 
   March 31, 
   2025   2024   2023 
Current tax provision            
Cayman Islands  $—   $—   $— 
Hong Kong   —    —    — 
China   64,459    127,332    73,339 
    64,459    127,332    73,339 
Deferred tax provision (benefit)               
Cayman Islands   —    —    — 
Hong Kong   —    —    — 
China   48,979    (2,530)   34,490 
    48,979    (2,530)   34,490 
Income tax provision  $113,438   $124,802   $107,829 
Schedule of Reconciliation of Statutory Rates to Effective Tax Rate

The following table reconciles the China statutory rates to the Company’s effective tax rate for the six months ended September 30, 2025 and 2024:

 

   For the Six Months Ended
September 30,		 
   2025   2024 
China Statutory income tax rate   25.0%   25.0%
Non-taxable items   —    (0.1)%
Foreign tax rate differential   (18.9)%   (20.4)%
Effect of tax holiday and preferential tax rate   (4.7)%   (3.6)%
Change in valuation allowance   (1.7)%   (1.7)%
Others   —    (0.1)%
Effective tax rate   (0.3)%   (0.9)%
   For the Years Ended 
   March 31, 
   2025   2024   2023 
China Statutory income tax rate   25.0%   25.0%   25.0%
Non-taxable items   —    0.2%   0.4%
Non-PRC entity not subject PRC income tax   (19.2)%   —    — 
Effect of tax holiday and preferential tax rate   (4.7)%   (20.0)%   (29.3)%
Effect of change in tax rate   —    (2.8)%   — 
Change in valuation allowance   (2.2)%   10.7%   13.5%
Others   —    (0.2)%   (1.8)%
Effective tax rate   (1.1)%   12.9%   7.8%
Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred taxes were as follows:

 

   September 30,   March 31, 
Deferred tax assets  2025   2025 
Allowance for credit loss  $168,068   $100,603 
Reserve for inventory   1,131    909 
Unutilized marketing expenditure   1,008    989 
Operating lease liabilities   24,712    26,709 
Net operating loss carried forward   276,176    233,046 
Total deferred tax assets   471,095    362,256 
Valuation allowance   (446,383)   (335,547)
Deferred tax assets, net of valuation allowance  $24,712   $26,709 
Net off deferred tax liabilities   (18,337)   (21,096)
Deferred tax assets, net  $6,375   $5,613 

 

   September 30,   March 31, 
Deferred tax liabilities  2025   2025 
Finance lease  $5,299   $6,351 
Right-of-use assets   18,881    21,709 
Deferred tax liabilities   24,180    28,060 
Net off deferred tax assets   (18,337)   (21,096)
Deferred tax liabilities, net  $5,843   $6,964 
   March 31,   March 31, 
Deferred tax assets  2025   2024 
Allowance for credit loss  $100,603   $78,810 
Reserve for inventory   909    4,580 
Unutilized marketing expenditure   989    — 
Operating lease liabilities   26,709    43,346 
Net operating loss carried forward   233,046    383,524 
Total deferred tax assets   362,256    510,260 
Valuation allowance   (335,547)   (445,403)
Deferred tax assets, net of valuation allowance  $26,709   $64,857 
Net off deferred tax liabilities   (21,096)   (17,272)
Deferred tax assets, net  $5,613   $47,585 

 

   March 31,   March 31, 
Deferred tax liabilities  2025   2024 
Finance lease  $6,351   $— 
Right-of-use assets   21,709    17,350 
Deferred tax liabilities   28,060    17,350 
Net off deferred tax assets   (21,096)   (17,272)
Deferred tax liabilities, net  $6,964   $78 
Schedule of Movement of the Valuation Allowance

Movement of the valuation allowance:

 

   September 30,   March 31, 
Valuation allowance  2025   2025 
Beginning balance  $335,547   $445,403 
Current year addition (reduction)   103,272    (108,274)
Exchange difference   7,564    (1,582)
Ending balance  $446,383   $335,547 
   March 31,   March 31, 
Valuation allowance  2025   2024 
Beginning balance  $445,403   $359,904 
Current year addition (reduction)   (108,274)   104,207 
Exchange difference   (1,582)   (18,708)
Ending balance  $335,547   $445,403 
Schedule of Taxes Payable

Taxes payable consist of the following:

 

   September 30,   March 31, 
   2025   2025 
Income tax payable  $95,659   $78,257 
Value added tax payable   142,729    137,640 
Other taxes payable   1,936    2,445 
Total taxes payable  $240,324   $218,342 
   March 31,   March 31, 
   2025   2024 
Income tax payable  $78,257   $126,041 
Value added tax payable   137,640    133,694 
Other taxes payable   2,445    8,975 
Total taxes payable  $218,342   $268,710