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Taxes (Tables) | 12 Months Ended
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Mar. 31, 2020
Income Tax Disclosure [Abstract] |
Components of the income tax benefit |
|  | For the Year Ended |
|  | March 31, 2020 |  |  | March 31, 2019 |  |  | March 31, 2018 |
Current income tax provision |  | $ | 100,741 |  |  | $ | 9,627 |  |  | $ | 247,862 |
Deferred income tax provision (benefit) |  |  | 111,757 |  |  |  | (106,431 | ) |  |  | (155,839 | )
Total |  | $ | 212,498 |  |  | $ | (96,804 | ) |  | $ | 92,023 |
Schedule of deferred tax assets |
|  | As of March 31, 2020 |  |  | As of March 31, 2019 |
Allowance for doubtful accounts |  | $ | 113,062 |  |  | $ | 129,742 |
Deferred revenue |  |  | 219,177 |  |  |  | 83,876 |
Net operating loss carry-forwards |  |  | 465,059 |  |  |  | 402,876 |
Total deferred tax asset |  |  | 797,298 |  |  |  | 616,494 |
Valuation allowance |  |  | (525,183 | ) |  |  | (213,028 | )
Deferred tax assets, net |  | $ | 272,115 |  |  | $ | 403,466 |
Schedule of effective tax rate |
For the Years Ended |
|  | March 31, 2020 |  |  | March 31, 2019 |  |  | March 31, 2018 |
Statutory PRC income tax rate |  |  | 25 | % |  |  | 25 | % |  |  | 25.0 | %
Favorable tax rate impact (a) |  |  | (6.3 | )% |  |  | (11.1 | )% |  |  | (15.3 | )%
Permanent difference |  |  | (4.6 | )% |  |  | (1.6 | )% |  |  | (2.8 | )%
Change in valuation allowance |  |  | (29.0 | )% |  |  | (3.6 | )% |  |  | 0.2 | %
Effective tax rate |  |  | (14.9 | )% |  |  | 8.7 | % |  |  | 7.1 | %
| (a) | Distance Learning is subject to a favorable tax rate of 15%; Shanghai Xia Shu, Shanghai Xin Fu, Hunan Huafu, Nanjing Suyun, Guizhou Huafu, Fuzhou Huafu, Liaoning Huafu and Huafu Silu are subject to a favorable tax rate of 10%.
Schedule of taxes payable |
|  | As of March 31, 2020 |  |  | As of March 31, 2019 |
Income tax payable |  | $ | 274,296 |  |  | $ | 285,821 |
Value added tax payable |  |  | 26,239 |  |  |  | 24,585 |
Other taxes payable |  |  | 13,517 |  |  |  | 8,279 |
Total |  | $ | 314,052 |  |  | $ | 318,685 |

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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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