GSK_ Annual_Report_2021-22

151 Notes to the Standalone Financial Statements for the year ended March 31, 2022 ( ` in lakhs) Balance as at April 1, 2020 Recognised in the Statement of Profit and Loss Recognised in OCI Balance as at March 31, 2021 Deferred tax asset Provision for Employee Benefits 25,97.91 1,27.13 68.90 27,93.93 Voluntary retirement schemes 3,81.89 (99.21) - 2,82.68 Allowance for doubtful debts 5,22.44 51.86 - 5,74.30 Interest on income tax refund not accounted but considered as taxable under the Income Tax Act,1961 16,30.54 - - 16,30.54 Expenses allowable for tax purpose when paid 74,75.75 (10,33.19) - 64,42.56 Total Deferred tax asset 126,08.53 (9,53.41) 68.90 117,24.01 Deferred tax liabilities Fiscal allowance on Property, Plant and Equipment and Other Intangible assets (17,23.80) 1,66.72 - (15,57.08) Deferred tax asset (net) 108,84.73 (7,86.69) 68.90 101,66.93 (e) The details of income tax assets and income tax liabilities as at March 31, 2022 and March 31, 2021 ( ` in lakhs) As at March 31, 2022 As at March 31, 2021 Current Tax Assets (Net) 192,87.56 341,52.93 Current Tax Liabilities (Net) 296,20.35 163,72.26 Net current income tax asset/(liability) at the end (103,32.79) 177,80.67 The gross movement in the current tax asset/(liability) for the year ended March 31, 2022 and March 31, 2021 is as follows: ( ` in lakhs) As at March 31, 2022 As at March 31, 2021 Net current income tax asset/(liability) at the beginning 177,80.67 143,49.28 Income tax Paid 620,28.64 229,62.63 Refund received during the year (99,83.36) (11,01.07) Current Income Tax Expense (613,65.21) (184,30.17) Tax Adjustment of earlier years (187,93.53) - Net current income tax asset/(liability) at the end (103,32.79) 177,80.67 (f) Unused tax losses on which no deferred tax asset has been recognised ( ` in lakhs) Nature of Loss Year ended March31, 2022 Year ended March 31, 2021 Base Amount Expiry date Base Amount Expiry date Capital Loss 894,42.25 FY 2029-30 - - Note 48 : Leases Future contractual charges on leases: The table below provides details regarding the contractual maturities of lease liabilities as at March 31, 2022 on an undiscounted basis: ( ` in lakhs) 0-1 years 1-2 years 2-3 years 3-4 years 4-5 years Above 5 years 11,89.98 5,16.96 2,34.32 66.39 - -