Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 273

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 273
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(iii)                               |     |   |    23,366 |   |     |   |   351,744 |   |
| GST recoverable and prepaid income tax(iv)            |     |   |   232,367 |   |     |   |    12,612 |   |
| Other receivables(v)                                  |     |   |   197,102 |   |     |   |   389,534 |   |
| Less: allowance for credit loss                       |     |   |   (52,949 | ) |     |   |    (3,747 | ) |
| Total other receivables and other current assets, net |     | $ |   460,997 |   |     | $ |   940,819 |   |

| (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.

| (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.

<div align='center'>F-44

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| (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 years ended
March 31, 2024 and 2023 are as follows:

|                        |     |   | March 31, 
      2024 |   |     |   | March 31, 
      2023 |
|:-----------------------|:----|:--|----------:|:--|:----|:--|----------:|
| Beginning balance      |     | $ |     3,747 |   |     | $ |     2,376 |
| Addition               |     |   |    49,351 |   |     |   |     1,279 |
| Translation adjustment |     |   |      (