AGS Transact Technologies Limited

Annexure VII: Statement on Adjustments to Revised Restated Consolidated Financial Information

For the year ended 31 March 2020
AGS Transact Technologies Limited

 

 

According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/ accrued in the books of account in respect of undisputed statutory dues including Duty of customs have generally been
regularly deposited with the appropriate authorities.

According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/ accrued in the books of account in respect of undisputed statutory dues of Provident Fund have been regularly deposited
‘with the appropriate authorities. According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/ accrued in the books of account in respect of undisputed statutory dues of Employees’
state insurance have generally been regularly deposited with the appropriate authorities though there have been slight delays in large number of cases.

 

According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/ accrued in the books of account in respect of undisputed statutory dues of Income-tax, Goods and service tax and cess
have not been regularly deposited with the appropriate authorities and there have been significant delays in large number of cases. As explained to us, the Company does not have any dues on account of Service tax, Sales tax, Value added tax and Duty of excise during
the year.

According to the information and explanations given to us, no undisputed amounts payable in respect of Provident fund, Employees’ state insurance, Income-tax, Goods and service tax, cess and other statutory dues were in arrears as at 31 March 2020 for a period of,
‘more than six months from the date they became payable, except as disclosed below:

 

 

 

Amount Periods to which th
Name of Statute Nature of the dues in eet ancs Due date Date of payment
(Rs. in million) amount relates
Financial year
|The Central Goods and Service Tax Act, 2017 In 5 33.06 7
: Interest on Goods and service tax p018-19 and 2019-20 [20th of each next month Not paid
99 |F. ¥- 2007-08 to 2019-
Income Tax Act, 1961 Interest on tax deducted at source 1229 |, e 7th of each next month Not paid

 

 

 

 

 

 

 

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