Le Travenues Technology Receives ₹99.8 Lakh Tax Demand Order
Le Travenues Technology Limited received a tax demand order for ₹99.82 lakh for FY 2019-20. The demand includes ₹31.05 lakh tax, ₹37.73 lakh interest, and ₹31.05 lakh penalty, alleging excess Input Tax Credit (ITC). The company plans to appeal the order.
The company believes it has a strong case and expects nil financial implications except for legal expenses, indicating a low impact on the company's financials.
The company has received a tax demand order and a penalty, which is a negative development.
Le Travenues Technology Limited (IXIGO) has received an order from the Office of Deputy Commissioner of State Tax (SGST), Gurugram (East), Government of Haryana, under Section 74 of the CGST/SGST Act, 2017, read with Section 20 of the IGST Act, 2017. This order, received on March 26, 2026, at 07:47 P.M. (IST), pertains to the financial year 2019-20 and alleges excess availment of Input Tax Credit (ITC).
A total demand of ₹99,82,243 has been raised, comprising ₹31,04,778 in tax, ₹37,72,687 in interest, and ₹31,04,778 in penalty.
The company believes it has a strong case on merits and intends to file the requisite appeal with the appropriate authorities within the prescribed time to contest the order. The company anticipates no significant financial implications beyond the legal and other expenses associated with contesting the matter. This announcement follows a Show Cause Notice received on September 28, 2025.
What to do with a filing like this
Le Travenues Technology Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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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See the model portfoliosA plain-language summary of a public exchange filing by Le Travenues Technology Limited. Read the original for the full detail.