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Taxation (Tables) | 12 Months Ended
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Mar. 31, 2021
Taxes Payable [Abstract] |
Schedule of Composition of Income Tax Benefits | Composition of income tax benefits
|  | For the year ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Current income tax expenses |  |  | (6,051 | ) |  |  | (2,119 | ) |  |  | (9,825 | )
Deferred income tax benefits |  |  | 23,268 |  |  |  | 2,709 |  |  |  | 4,644 |
|  | 17,217 |  |  | 590 |  |  | (5,181) |
Schedule of Components of Loss Before Tax | The components of loss before tax are as follows:
|  | For the year ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Loss before tax |  |  |  |  |  |  |  |  |  |  |  |
Loss from PRC entities |  |  | (426,044 | ) |  |  | (310,312 | ) |  |  | (61,292 | )
Loss from overseas entities |  |  | (77,448 | ) |  |  | (1,913,916 | ) |  |  | (261,498 | )
Total loss before tax |  |  | (503,492 | ) |  |  | (2,224,228 | ) |  |  | (322,790 | )
|  | For the year ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Income tax benefits/(expenses) |  |  |  |  |  |  |  |  |  |  |  |
Current income tax expenses |  |  | (6,051 | ) |  |  | (2,119 | ) |  |  | (9,825 | )
Deferred tax benefits |  |  | 23,268 |  |  |  | 2,709 |  |  |  | 4,644 |
Total income tax benefits/(expenses) |  |  | 17,217 |  |  |  | 590 |  |  |  | (5,181 | )
Schedule of Reconciliation of the Differences Between Statutory Tax Rate and the Effective Tax Rate | Reconciliation of the differences between the PRC statutory tax rate of 25% and the Group’s effective tax rate is as follows:
|  | For the year ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
PRC Statutory tax rate |  |  | 25% |  |  |  | 25% |  |  |  | 25% |
Difference in EIT rates of certain subsidiaries |  |  | (3% | ) |  |  | (23% | ) |  |  | (21% | )
Permanent book – tax difference |  |  | (5% | ) |  |  | (1% | ) |  |  | (2% | )
Additional deduction for research and development expenditures |  |  | 2% |  |  |  | 1% |  |  |  | 3% |
Changes in valuation allowance |  |  | (16% | ) |  |  | (2% | ) |  |  | (6% | )
Effective tax rate |  |  | 3% |  |  |  | 0% |  |  |  | (1% | )
Schedule of Significant Components of Deferred Tax Assets and Liabilities | Significant components of the Group’s deferred tax assets are as follows:
|  | As of March 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |
Deferred tax assets: |  |  |  |  |  |  |  |
- Tax losses carried forward |  |  | 556,851 |  |  |  | 351,618 |
- Carryforwards of un-deducted advertising expenses |  |  | 182,318 |  |  |  | 175,148 |
- Accruals and other liabilities |  |  | 6,821 |  |  |  | 5,167 |
- Provision for doubtful accounts |  |  | 5,792 |  |  |  | 7,407 |
- Impairment of available-for-sale investments |  |  | 1,125 |  |  |  | 1,633 |
Less: valuation allowance |  |  | (752,907 | ) |  |  | (540,973 | )
Net deferred tax assets |  |  | — |  |  |  | — |
Deferred tax liabilities: |  |  |  |  |  |  |  |
- Recognition of intangible assets arisen from business combination and unrealized holding gain |  |  | 2,571 |  |  |  | 3,212 |
- Recognition of acquired broadcasting license |  |  | 18,958 |  |  |  | 14,314 |
Net deferred tax liabilities |  |  | 21,529 |  |  |  | 17,526 |
Schedule of Operating Loss Carry Forward | As of March 31, 2021, net operating loss carry forwards from PRC entities will expire as follows:
At December 31, |  | RMB |
2021 |  |  | 300,138 |
2022 |  |  | 147,361 |
2023 |  |  | 57,955 |
2024 |  |  | 244,563 |
2025 |  |  | 536,987 |
Thereafter |  |  | 682,339 |
|  | 1,969,343 |
Schedule of Movement of Valuation Allowance | Movement of valuation allowance
|  | For the year ended March 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Balance at beginning of the period |  |  | 780,179 |  |  |  | 860,698 |  |  |  | 752,907 |
Addition |  |  | 83,516 |  |  |  | 21,180 |  |  |  | 16,934 |
Written off for expiration of net operating losses |  |  | — |  |  |  | (125,803 | ) |  |  | (225,742 | )
Utilization of previously unrecognized tax loss and un-deductible advertising expenses |  |  | (2,997 | ) |  |  | (3,168 | ) |  |  | (3,126 | )
Balance at end of the period |  |  | 860,698 |  |  |  | 752,907 |  |  |  | 540,973 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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