STATEMENT OF TAX BENEFITS
STATEMENT OF SPECIAL TAX BENEFITS

STATEMENT OF SPECIAL TAX BENEFITS AVAILABLE TO GO FASHION (INDIA) LIMITED
(“THE COMPANY”), AND THE SHAREHOLDERS OF THE COMPANY UNDER THE APPLICABLE
TAX LAWS IN INDIA

Date: 29" October 2021

To

The Board of Directors

Go Fashion (India) Limited

Sathak Centre

5‘ Floor, New No. 4, Old No., 144/2,
Nungabakkam High Road

Chennai - 600034

Subject: Statement of Possible Special Tax Benefits available to the Company, and the shareholders of the
company under the direct and indirect tax laws

Dear Sirs,

We Deloitte Haskins & Sells LLP, the statutory auditors of Go Fashion (India) Limited refer to the proposed initial
public offering of equity shares of Go Fashion (India) Ltd (“the Company” and such offering the “Offer”). We
enclose herewith the statement (the “Annexure”) showing the current position of special tax benefits available to
the Company and the shareholders of the Company as per the provisions of the Indian direct and indirect tax laws,
including the Income Tax Act 1961, the Central Goods and Services Tax Act, 2017, the Integrated Goods and
Services Tax Act, 2017, the Union Territory Goods and Services Tax Act, 2017, respective State Goods and
Services Tax Act, 2017, Customs Act, 1962 and the Customs Tariff Act, 1975 (collectively the “Taxation Laws”),
including the rules, regulations, circulars and notifications issued in connection with the Taxation Laws and the
Foreign Trade Policy 2015-2020 (which has been extended now i.e., up to 31 March 2022 vide Notification no.
33/2015-2020 dated 28'" September 2021] and applicable to the assessment year 2022-23 relevant to the financial
year 2021-22 for inclusion in the Red Herring Prospectus (“RHP”) and Prospectus for the proposed initial public
offering of shares of the Company, as required under the Securities and Exchange Board of India (Issue of Capital
and Disclosure Requirements) Regulations, 2018, as amended (“ICDR Regulations”)

Several of these benefits are dependent on the Company or its shareholders fulfilling the conditions prescribed
under the relevant provisions of the direct and indirect taxation laws, including the Income-tax Act 1961. Hence,
the ability of the Company or its shareholders to derive these direct and indirect tax benefits is dependent upon
their fulfilling such conditions.

The benefits discussed in the enclosed Annexure are neither exhaustive nor conclusive. The contents stated in the
Annexure are based on the information and explanations obtained from the Company. This statement is only
intended to provide general information to guide the investors and is neither designed nor intended to be a
substitute for professional tax advice. In view of the individual nature of the tax consequences and the changing
tax laws, each investor is advised to consult their own tax consultant with respect to specific tax implications
arising out of their participation in the Offer. We are neither suggesting nor are we advising the investor to invest
money or not to invest money based on this statement.

We do not express any opinion or provide any assurance whether:

. The Company or its shareholders will continue to obtain these benefits in future;
. The conditions prescribed for availing the benefits have been/would be met;

We hereby give our consent to include this report and the enclosed Annexure regarding the special tax benefits

available to the Company, and the shareholders of the Company in the RHP and Prospectus for the Offer, which
the Company intends to submit to the Securities and Exchange Board of India and the stock exchanges (National

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