Le Travenues Technology Receives Show Cause Notice for ₹23.8 Crore Tax Demand
Le Travenues Technology Limited received a Show Cause Notice for FY 2022-23 alleging tax law contravention. A demand of ₹23.8 crore (tax, interest, penalty) is proposed. The company believes it has a strong case, citing a previous similar notice for FY 2021-22 that was dropped.
The notice involves a substantial financial demand, but the company has a precedent of successfully contesting a similar notice, suggesting the potential impact might be mitigated.
The company has received a Show Cause Notice with a significant financial demand, which is a negative development.
Le Travenues Technology Limited (IXIGO) has received a Show Cause Notice dated September 29, 2026, from the Office of the Assistant Commissioner of Commercial Taxes (Audit) - 3.6, DGSTO-3, Bangalore, Government of Karnataka. The notice alleges contravention of KGST/CGST Act, 2017, and IGST Act, 2017, related to the financial year 2022-23.
The authorities contend that since the company is registered under HSN codes attracting 18% GST, it should also pay 18% GST on passenger transportation services, which are currently taxed at 5% as per Section 9(5) of the CGST Act. The proposed demand aggregates to ₹237,950,666, comprising tax of ₹137,543,738, interest of ₹86,652,554, and penalty of ₹13,754,374.
The company believes it has a strong case on merits, citing a similar show cause notice for FY 2021-22 involving a demand of approximately ₹3.05 crore, which was subsequently dropped by the authority. Le Travenues Technology Limited, in consultation with its tax advisors, plans to submit a comprehensive response to contest the notice within the prescribed timelines.
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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 medium impact: worth reading, rarely worth acting on by itself.
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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.