Trade and other receivables

12 Months Ended

Mar. 31, 2022

Disclosure of Trade and other receivables [Abstract]

Disclosure of trade and other receivables [text block]

13. Trade and other receivables

Trade and other receivables comprise:

	March 31, 2022		March 31, 2021
(i) Trade receivables, net		10,784,668		8,520,118
(ii) Other receivables including deposits		3,276,985		1,202,112
(iii) Contract related accruals		-		-
		14,061,653		9,722,230

(i) Trade receivables as of March 31, 2022 and March 31, 2021 are stated net of allowance for doubtful receivables. The Group maintains an allowance for doubtful receivables based on expected credit loss model. The Group’s exposure to credit and currency risks and impairment losses related to trade and other receivables, excluding construction work in progress is disclosed in note 34. Trade receivables consist of:

	March 31, 2022			March 31, 2021
Trade receivables from related parties		-			-
Other trade receivables		11,265,209			8,946,605
		11,265,209			8,946,605
Less: Allowance for doubtful receivables		(480,542	)		(426,487	)
Balance at the end of the year		10,784,667			8,520,118

The activity in the allowance for doubtful accounts receivable is given below:

	For the year ended
	March 31, 2022			March 31, 2021
Balance at the beginning of the year		426,487			270,621
Add : Additional provision, net		433,723			755,495
Less : Bad debts written off		(379,668	)		(599,629	)
Balance at the end of the year		480,542			426,487

(ii) Other receivables comprise of the following items:

	March 31, 2022		March 31, 2021
Advances and other deposits (Refer Note (a) below)		1,945,027		505,369
Withholding taxes (Refer Note (b) below)		1,331,958		696,743
		3,276,985		1,202,112
Financial assets included in other receivables		29,869		79,830

Notes:

a) Advances and other deposits primarily comprise of receivables in the form of deposits, sales tax/VAT, service tax, GST and other advances given in the ordinary course of business.

b) Includes withholding taxes recoverable from the Department of Income-tax for which the Company has filed tax returns for refund. The Company expects to realize such refund of withholding taxes within the next 12 months.

c) Non – current trade receivables is ₹. 1,990 (March 31, 2021: ₹. 27,136)