Deferred tax assets and liabilities (Tables)

12 Months Ended

Mar. 31, 2021

Disclosure Of Deferred tax assets and liabilities [Abstract]

Disclosure Of Detailed Information Of Recognized Deferred Tax Assets Liabilities [text block]

The tax effects of significant temporary differences that resulted in deferred tax assets and a description of the items that created these differences is given below

Recognized deferred tax assets / (liabilities)	Assets / (liabilities)
	March 31, 2021			March 31, 2020
Deductible temporary difference
Property, Plant and Equipment		597,497			181,237
Lease obligations on right of use assets		61,752			33,028
Provision for employee benefits		8,886			-
Accounts receivable		99,078			-
Provision for Doubtful Advances		12,585			-
		779,798			214,265
Taxable temporary difference
Intangible assets		(143,326	)		(181,237	)
Finance Lease obligations		-			-
		(143,326	)		(181,237	)
Unused Tax credits
Mat Credit Entitlement		-			66,318
Net deferred tax asset (liability) recognized in Balance Sheet		636,472			99,346

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

Movement in temporary differences during the year

							Recognized									Recognized
				Recognized			in			Balance			Recognized			in		Balance
	Balance as			in			Equity /			as of			in			Equity /		as of
	of March			income			Balance			March			income			Balance		March
	31, 2019			statement			sheet			31, 2020			statement			sheet		31, 2021
Property, plant and equipment		272,291			(91,054	)		-			181,237			416,260			-		597,497
Intangible assets		(146,703	)		(34,535	)		-			(181,238	)		37,912			-		(143,326	)
Lease obligations on right of use assets		-			33,028			-			33,028			28,724			-		61,752
Finance Lease obligations		(125,588	)		125,588			-			-			-			-		-
MAT Credit entitlement		236,045			-			(169,727	)		66,318			(66,318	)		-		-
Provision for employee benefits		-			-			-			-			8,886			-		8,886
Accounts receivable		-			-			-			-			99,078			-		99,078
Provision for Doubtful Advances		-			-			-			-			12,585			-		12,585

Disclosure of detailed information about unrecognized deferred tax assets liabilities [text block]

Unrecognized deferred tax assets / (liabilities)

	As of March 31, 2021		As of March 31, 2020
Deductible temporary differences		-		592,981
Unrecognized tax losses		-		7,140
		-		600,121

Disclosure of income tax [text block]

Income tax expense recognized in profit or loss

	March 31, 2021			March 31, 2020			March 31, 2019
Current tax expense / (benefit)
Current period		671,877			345,707			238,657
Deferred tax expense / (benefit)
Origination and reversal of temporary differences		(603,463	)		(31,368	)		-
MAT credit entitlement					-			(236,045	)
Total income tax expense / (benefit)		68,414			314,339			2,612

Disclosure of Effective Income Tax provision Reconciliation [text block]

A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the income before taxes is summarized below:

	Year ended			Year ended			Year ended
	March 31, 2021			March 31, 2020			March 31, 2019
Profit before income taxes		1,600,276			1,019,716			1,071,315
Enacted tax rates in India		34.94	%		34.94	%		34.94	%
Computed expected tax expense / (benefit)		559,209			356,343			374,360
Effect of:
Share based payment expense not deductible for tax purposes		-			-			411
Unrecognized deferred tax assets on losses incurred during the year (net of temporary differences, if any)
Recognition of previously unrecognised deferred tax asset on temporary differences		(267,566	)		84,588			48,395
Difference on account differential tax rates in different jurisdictions		(1,555	)		7,149			(1,924	)
Expenses/income not taxable		-			-			-
Recognition of current year temporary differences		(129,500	)		(33,028	)		-
Recognition of previously unrecognized tax losses		-			(100,713	)		(418,630	)
Difference on account of differential tax rates in different companies		(86,987	)
Effect of expenses that are not deductible in determining taxable profit		3,092
Expenses/income not taxable
Unrecognized temporary differences		3,491
Utilisation of previously unrecognised temporary differences		2,056
Effect of rate difference in opening and closing deferred tax		(28,182	)
Others		14,356
		68,414			314,339			2,612