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15_Sales_tax_deferral

15 Sales tax deferral

( In Crore)

Particulars

As at 31 March

2022

2021

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

122.77

121.46

122.77

121.46

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 34].