AGS Transact Technologies Limited

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

India Transact Services Limited

Clause (vii)(a)
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 duty of customs 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 including of provident fund, income tax, goods
and service tax and cess have not been regularly deposited with the appropriate authorities and there have been serious 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 employees” state insurance has generally been regularly deposited with the appropriate authorities though there have been slight delays in few cases. As explained
to us, the Company does not have any dues on account of duty of excise, service tax, sales tax and value added tax during the year.

 

 

e in arrears as at 31 March 2

 

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, duty of customs, cess and other statutory dues we
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 ea bain ara Due date Date of payment
(Rs. in million) amount relates
Ihe Comal c ; oa [Financial year
The Central Goods and Service Tax Act, 2017 Interest on Goods and service tax 2.94 ong to a 2019-20.|20tof each next month ¢
Financial year
|The Central Goods and Service Tax Act, 2017 Interest on Goods and service tax ei L20th of each next month z
The Employees" Provident Funds and Miscellaneous Provisions Act, 1952 interest on Provident fund 1.06] Financial year T5ih of each next month
2019-20 mi
The Employees" Provident Funds and Miscellaneous Provisions Act, 1952 Provident fund and interest @45]Financial year T5ih of each next month
{2020-21 :
income Tax Act, 1961 Interest on tax deducted at source 7.35) Financial year [th of each next month
land Short deduction of TDS/filing 2017-18, 2018-19 and -
fees 2019-20
income Tax Act, 1961 FTrax deducted at source and 10.58] Financial year [7h of each next month
Interest [2020-21

 

Clause (vii)(b)
According to information and explanations given to us, there are no dues of income tax, goods and service tax, duty of customs and cess which have not been deposited by the Company with the appropriate authorities on account of any dispute except for the following:

 

 

‘Amount paid under

Amount demanded Periods to which the amount

 

 

 

 

IName of Statute Nature of the dues protest (Rs. in tas Forum where the dispute is pending
million)

[The Income tax Act, 1961 Disallowance of expenses = = [Financial year 2015-16 TT Appeals

[The Income tax Act, 1961 [Disallowance of expenses = = [Financial year 2018-19) IT Appeals,

 

 

 

 

 

 

 

 

* Amount less than INR 0.1 million

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