Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 331

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 331
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 |    23,771 |   |     |           |  23,366 |   |
| GST recoverable and prepaid income tax (iv)           |     |               |   134,676 |   |     |           | 232,367 |   |
| Other receivables (v)                                 |     |               |   288,252 |   |     |           | 197,102 |   |
| Less: allowance for credit loss                       |     |               |   (27,264 | ) |     |           | (52,949 | ) |
| Total other receivables and other current assets, net |     | $             | 1,041,953 |   |     | $         | 460,997 |   |

| (i) | Deposits |

The balance
of deposit mainly comprised deposits made for rental and utility service of the Company.

| (ii) | Prepaid expenses |

The balance
of prepaid expenses represented prepayment for services, such as subscription fees and advertising expenses.

<div align='center'>F-81

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| (iii) | Prepaid income tax |

The balance
of prepaid income tax represents prepaid estimated income tax from the Company’s HK, Malaysia, and Singapore subsidiaries.

| (iv) | GST recoverable |

The balance
of GST recoverable represented the amount of GST, which resulted from historical purchasing activities and could be further used for
deducting future GST in Singapore.

| (v) | Other receivables |

The balance
of other receivables mainly represented balance due from vendor for marketing expense paid on behalf.

Movement of
allowance for credit loss for the six months ended September 30, 2024 and for the year ended March 31, 2024 are as follows:

|                        |     | September 30, 
 2024          
 (Unaudited)   |         |   |     | March 31, 
 2024      |        |   |
|:-----------------------|:----|:--------------|--------:|:--|:----|:----------|-------:|:--|
| Beginning balance      |     | $             |  52,949 |   |     | $         |  3,747 |   |
| (Recovery) addition    |