CARTRADE NSE filing

CarTrade Tech Receives Show Cause Notice Regarding GST Intelligence

The RealCase readLow impact Negative

CarTrade Tech received a show cause notice from GST Intelligence for ₹14.81 crore related to alleged ineligible Input Tax Credit. The company believes the demand is not maintainable and does not foresee any financial impact.

Why it matters

The company states that it believes the demand is not maintainable and does not foresee any financial or operational impact on its business.

The market read

The announcement discusses a show cause notice from a government agency, which implies potential financial and legal challenges for the company.

* CarTrade Tech Limited received a show cause cum demand notice from the Directorate General of Goods and Services Tax Intelligence, Mumbai, on December 8, 2025. * The notice, dated December 3, 2025, proposes a demand of ₹14.81 crore along with interest and penalties. * The demand is related to alleged ineligible Input Tax Credit availed on Offer for Sale expenses. * The company believes the demand is not maintainable as the tax amount has already been paid through invoices raised on the selling shareholders and no ineligible input tax credit was availed. * CarTrade Tech will submit its reply within the prescribed time and expects to receive relief from the authorities. * The company does not foresee any financial or operational impact on its business due to the notice.

Filing to action

What to do with a filing like this

Cartrade Tech Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.

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Primary source

A plain-language summary of a public exchange filing by Cartrade Tech Limited. Read the original for the full detail.

View original filing