| 6 | Balances with government authorities |
The components of balances with
government authorities were as follows:
| (In USD) | |
March 31, | | |
March 31, | |
| As at | |
2026 | | |
2025 | |
| Current | |
| | |
| |
| Goods and service tax receivable | |
$ | 3,400,071 | | |
$ | 3,941,649 | |
| Less: Impairment* | |
| (3,400,071 | ) | |
| (3,754,191 | ) |
| | |
$ | - | | |
$ | 187,458 | |
| * | As of March 31, 2026, the impairment amounts to $3,400,071 (March 31, 2025 : $3,754,191) for the estimated losses resulting from substantial doubt about the utilization of the tax credits. This allowance for impairment of tax credits was determined by estimating future uses of tax credits against output Goods and Service Tax (“GST”). No impairment allowance has been created for the year ended March 31, 2026 and March 31, 2025. |
|