GSK_ Annual_Report_2021-22
NOTES TO THE FINANCIAL STATEMENTS for the year ended March 31, 2022 189 Trade Receivables Ageing :- ( ` in lakhs) Outstanding as at March 31, 2022 Unbilled Not due Less than 1 year 1-2 years 2-3 years More than 3 years Total (i) MSME 18.32 - - - 18.32 (ii) Others 8,19.69 13,96.02 5,75.81 - - - 2,791.52 (iii) Disputed dues - MSME (iv) Disputed dues - Others ( ` in lakhs) Outstanding as at March 31, 2021 Unbilled Not due Less than 1 year 1-2 years 2-3 years More than 3 years Total (i) MSME - - - - - (ii) Others 9,37.93 6,84.59 5,85.42 - - - 22,07.94 (iii) Disputed dues - MSME (iv) Disputed dues - Others Note 15 : Other current liabilities ( ` in lakhs) As at March 31, 2022 As at March 31, 2021 Other liabilities 12.92 17,00.00 Statutory dues 2.63 1.79 15.55 17,01.79 Note 16 (i) CONTINGENT LIABILITIES ( ` in lakhs) As at March 31, 2022 As at March 31, 2021 Claims against the Company not acknowledged as debts 98.58 2,57.03 Income-tax matters - 0.22 Sales tax matters 19.96 19.96 Guarantee given by the Company to the Customs Authorities 2,00.00 2,00.00 Based on the data obtained by Government, it had directed the Company to pay a tentative amount along with interest due thereon into the Drugs Prices Equilisation Account (DPEA) under Drugs (Price Control) Order 1979, in respect of Bulk Drug Amoxicillin Trihydrate, on account of alleged unintended benefit enjoyed by the Company. The Company had filed its reply contending that no amount is payable into DPEA. 49.29 49.29 note 16 (ii) DRUGS PRICES EQUALISATION ACCOUNT The Company received a letter dated 20th/24th August, 1998 from the Central Government demanding an amount of ` 4,40.80 comprising ` 1,42.74 in respect of prices relating to Salbutamol formulations during the period April, 1979 to December, 1983 with interest thereon amounting to ` 2,98.06 upto 31st July, 1998. The Company had been legally advised that the demand of ` 1,42.74 is not sustainable and it, therefore follows that the interest demand also cannot be sustained. The total demand has been challenged by the Company in a Writ Petition filed in the Bombay High Court. The Bombay High Court has granted an interim stay of the demand, subject to the Company depositing 50% of the principal amount. Accordingly, the Company has deposited an amount of ` 71.50 with the Government on 3rd May, 1999. This is a normal interim order passed by the High court in such matters and does not in any way reflect upon the merits or otherwise of the case. The amount will be refunded if the Company succeeds at the final hearing of the matter. The Government’s application in the Supreme Court praying that this writ petition be transferred to the Supreme Court from the Bombay High Court was not allowed and the Company’s writ petition will now be heard by the Bombay High Court.
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