AGS Transact Technologies Limited

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

Non-adjusting items
1. Audit Qualifications in Annexure to Auditors’ Report, which do not require any corrective adjustments in the Revised Restated Consolidated Financial Information
For the year ended 31 March 2021

AGS Transact Technologies 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 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 Employees’ state insurance have generally been
regularly deposited with the appropriate authorities though there have been slight delays in few 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 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. 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 2021 for a period of,
‘more than six months from the date they became payable, except as disclosed below:

 

Name of Statute Nature of the dues aut Beriads 18 ited mie Due date Date of payment
(Rs.in million) | amount relates

 

Financial year
2020-21,

Financial year
}2018-19 and 2019-20

|The Central Goods and Service Tax Act, 2017 interest on Goods and service tax 14.41 120th of each next month -

 

|The Central Goods and Service Tax Act, 2017 interest on Goods and service tax 24.90 120th of each next month -

 

Interest on tax deducted at source, 5007.06 109018

 

Income Tax Act, 1961 [Short deduction of Tax deducted 56.03 J }7th of each next month Ss
lat source and others
Income Tax Act, 1961 Ras ceducted at source, Interest 93.96 |F. Y. 2020-21 }7th of each next month z

land others

 

 

 

 

 

 

 

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