Le Travenues Technology Limited Faces GST Appeal Rejection Over Service Classification Dispute
Le Travenues Technology Limited has seen its appeal regarding the classification of services rendered to overseas entities rejected by the Additional Commissioner, CGST (Appeals), Gurugram. The dispute involves a demand for Goods and Services Tax (GST) totaling ₹89,80,778, along with corresponding interest and penalty.The Order-in-Appeal, dated June 24, 2026, confirmed the demand that had been established in an earlier Order-in-Original, dated January 31, 2025. The core issue revolves around whether the services provided by Le Travenues Technology Limited to international entities constitute "intermediary services" under the IGST Act, 2017, rather than being classified as a standard export of services.
The demand applies to the period from July 01, 2017, to March 31, 2023 (FYs 2017-18 to 2022-23). The Commissioner's decision upheld a financial exposure comprising GST and penalty.
The material details of the imposed demand are outlined below:
| Financial Element | Amount |
|---|---|
| Tax Demand (GST) | ₹89,80,778 |
| Penalty Imposed | ₹89,80,778 |
| Applicable Interest | As applicable |
The company asserts that it has a strong case on merits regarding the nature of the services provided. Despite the rejection by the Appeals authority, Le Travenues Technology Limited intends to pursue the matter further. The company plans to file a further appeal before the Hon'ble Goods and Services Tax Appellate Tribunal within the prescribed timeline.
Regarding financial implications, the company stated that there are no material changes from its previous disclosure on February 05, 2025. However, the continued legal battle is expected to incur additional expenses beyond the current disputed amounts.
IXIGO Stock Price Movement
Le Travenues Technology Limited shares today slipped by 12.91% in post-market trading to settle at ₹176.50. The stock saw a traded volume of over 8.4 million shares as it closed for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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