Balance Sheet Consol_Note16

16 Sales tax deferral

( In Crore)

Particulars

As at 31 March

2024

2023

   

Unsecured

Sales tax deferral liability/loan, an incentive under Package Scheme of Incentives 1983 and 1993 – interest free, partially prepaid

125.84

124.23

125.84

124.23

The exemption of interest on the sales tax liability deferred for payment is considered as a Government grant and measured at an internal rate of return available for pre-payment of the liability as per the sales tax rules. [See note 35]