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Prepayments, Other Receivables and Other Current Assets, Net (Details) - Schedule of Prepayments, Other Receivables and Other Current Assets, Net - USD ($)
Sep. 30, 2024
Mar. 31, 2024
Schedule of Prepayments, Other Receivables and Other Current Assets, Net [Abstract]    
Deposits [1] $ 338,747 $ 347,297
Prepaid expenses [2] 328,775 296,454
Value added tax (“VAT”) recoverable [3] 73,668 27,443
Due from automobile purchasers, net [4] 2,709 2,633
Employee advances 1,148 142
Others 12,164 24,874
Less: Allowance for credit losses (21,065) (20,474)
Total prepayments, other receivables and other current assets, net $ 736,146 $ 678,369
[1] Prepaid expense The balance of prepaid expense represented automobile purchase prepayments, automobile liability insurance premium for automobiles for operating lease and other miscellaneous expense such as office lease, office remodel expense, etc. that will expire within one year.
[2] Deposits The balance of deposits mainly represented the security deposit made by the Company to various automobile leasing companies, financial institutions and Didi Chuxing Technology Co., Ltd., who runs an online ride-hailing platform. As of September 30, 2024 and March 31, 2024, the allowance for credit losses of $18,356 and $17,841 was recorded against the security deposits not returned for more than one year after the end of the cooperation.
[3] Value added tax (“VAT”) recoverable The balance represented the amount of VAT, which resulted from historical purchasing activities and could be further used for deducting future VAT in PRC.
[4] Due from automobile purchasers, net The balance due from automobile purchasers represented the payments of automobiles and related insurances and taxes made on behalf of the automobile purchasers. The balance is expected to be collected from the automobile purchasers in installments. As of September 30, 2024 and March 31, 2024, the allowance for credit losses recorded against receivables due from automobile purchasers was $2,709 and $2,633.