Balance Sheet Note_15

15  Sales tax deferral

(₹ In Crore)

Particulars

As at 31 March

2023

2022

   

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

124.23

122.77

124.23

122.77

    

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]