Le Travenues Technology Limited Receives Order Regarding Input Tax Credit
Le Travenues Technology Limited (NSE: IXIGO, BSE: 544192) announced today, March 27, 2026, that it has received an order from the Office of Deputy Commissioner of State Tax (SGST) Gurugram (East), Government of Haryana. The order pertains to an alleged excess availment of Input Tax Credit (ITC) for the fiscal year 2019-20.The total demand raised in the order amounts to ₹99,82,243, comprising ₹31,04,778 in tax, ₹37,72,687 in interest, and ₹31,04,778 in penalty.
According to the company, it believes it has a strong case on the merits of the matter and intends to file an appeal with the appropriate authorities to contest the order within the prescribed timeframe. The company anticipates minimal financial impact beyond legal and associated expenses.
Here's a summary of the key details:
| Particulars | Details |
|---|---|
| Date of receipt of communication | March 26, 2026 |
| Total Demand | ₹99,82,243 (₹31,04,778 tax, ₹37,72,687 interest, ₹31,04,778 penalty) |
| Period for which communication would be applicable | FY 2019-20 |
| Action(s) taken by listed company | The Company will file an appeal to contest the order. |
The company will incur legal and other expenses in contesting the matter.
Source:
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