GSK_ Annual_Report_2021-22

Notes to the Consolidated Financial Statements for the year ended March 31, 2022 239 Note 45 : Matters in respect of erstwhile SmithKline Beecham (India) Limited: (i) ` 1,44.44 lakhs received from Beckman Instruments International S.A. on account of disputed alleged additional commission has been included under non-current provisions and Income tax paid thereon aggregating ` 64.77 lakhs has been included under other non-current assets. The Company is contesting the matter with the concerned authorities. (ii) Refund of surtax ` 96.81 lakhs, and interest thereon amounting to ` 48.52 lakhs, received during 1994, have not been adjusted against the provision for tax in the books of accounts and recognised as income respectively, since the Income tax department had filed a reference application against the income tax tribunal’s order which was pending before the High Court of Karnataka. The Company has received an order dated April 18, 2007 from the High Court of Karnataka which is partially in the Company favour. On the basis of the aforesaid order, Income Tax Appellate Tribunal (ITAT), Bangalore will pass an order giving directions. On receipt of the ITAT order, the Company will take appropriate steps in the matter. Note 46 : Disclosures as required by Micro, Small and Medium Enterprises Development Act, 2006 are as under: ( ` in lakhs ) As at March 31, 2022 As at March 31, 2021 (a) The principal amount and the interest due thereon remaining unpaid to suppliers (i) Principal 7,36.88 4,64.80 (ii) Interest due thereon 55.84 62.14 7,92.72 5,26.94 (b) (i) The delayed payments of principal amount paid beyond the appointed date during the entire accounting year 30,19.22 31,87.11 (ii) Interest actually paid under Section 16 of the Micro, Small and Medium Enterprises Development Act, 2006 - - (c) (i) Normal Interest accrued during the year, for all the delayed payments, as per the agreed terms - - (ii) Normal Interest payable for the period of delay in making payment, as per the agreed terms - - (d) (i) Total Interest accrued during the year - 0.84 (ii) Total Interest accrued during the year and remaining unpaid - 0.84 The above information regarding Micro, Small and Medium enterprises has been determined to the extent such parties have been identified on the basis of information available with the Group. Note 47 : Tax expense (a) Amounts recognised in the Statement of Profit and Loss ( ` in lakhs ) As at March 31, 2022 As at March 31, 2021 Current tax (for continuing and discontinued operations) Current tax on profits for the year 613,97.09 184,30.17 Current tax on account of earlier years 187,93.59 - Total current tax expense 801,90.68 184,30.17 Deferred tax (for continuing and discontinued operations) In respect of current year (9,40.14) 8,04.93 Adjustment to deferred tax attributable to change in income tax rate - - Total Deferred tax (benefit) / expense (9,40.14) 8,04.93 Total tax expense 792,50.54 192,35.10 Total tax expense attributable to :- from continuing operations 398,27.92 166,72.16 from discontinued operations 394,22.62 25,62.94 Total tax expense 792,50.54 192,35.10