Balance Sheet
St_Note_15
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15 Sales tax deferral |
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(₹ In Crore) |
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Particulars |
As at 31 March |
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2024 |
2023 |
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Unsecured Sales tax deferral liability/loan, an incentive under Package Scheme of Incentives 1983 and 1993 – interest free, partially prepaid |
125.84 |
124.23 |
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125.84 |
124.23 |
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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. Also see note 33.