NSEAction(s) initiated or orders passed30 Sept 2026 · 30 Sept 2026, 04:59 pm
Action(s) initiated or orders passed
Le Travenues Technology Limited · IXIGO
✦ AI SummaryRegulatory
Le Travenues Technology Limited has received a Show Cause Notice from the Office of the Assistant Commissioner of Commercial Taxes (Audit) - 3.6, DGSTO-3, Bangalore, Government of Karnataka, alleging contravention of KGST/CGST Act, 2017 and IGST Act, 2017. The Company believes it has a strong case on merits and will submit a comprehensive response to contest the show cause notice.
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Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10
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Full Announcement
Le Travenues Technology Limited has informed the Exchange about Receipt of Show Cause Notice dated September 29, 2026
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IXIGO_30092026165847_Disclosure_Reg_30_SCN_29092026.pdf
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September 30, 2026 LTTL/L&S/2026-27/09/13
The Listing Department, The Listing Department,
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, C - 1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (E), Mumbai - 400 051 Mumbai - 400 001
Maharashtra, India Maharashtra, India
Dear Sir/Madam,
Sub : Disclosure under Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 - Receipt of Show Cause
Notice dated September 29, 2026
Ref : Le Travenues Technology Limited (the “Company”)
NSE Symbol: IXIGO and BSE Scrip Code: 544192
In compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended (the “SEBI Listing
Regulations”) please note that the Company has received a Show Cause Notice on
September 29, 2026, from the Office of the Assistant Commissioner of Commercial Taxes
(Audit) - 3.6, DGSTO-3, Bangalore, Government of Karnataka, alleging contravention of
KGST/CGST Act, 2017 and IGST Act, 2017.
The Company believes it has a strong case on merits. A similar show cause notice for FY
2021-22 on the same issue, involving a demand of approximately ₹3.05 crore was
received and informed to the stock exchanges on October 01, 2025, bearing reference no.
LTTL/L&S/2025-26/10/01. The issue was dropped by the authority following the
Company’s submissions and personal hearing. In view of the nature of the services, the
applicable tax treatment and the earlier favourable order, the Company will, in consultation
with its tax advisors, submit a comprehensive response to the relevant authority within the
prescribed timelines to contest the show cause notice.
The requisite details pursuant to Regulation 30 of the SEBI Listing Regulations read with
SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, updated up to
January 30, 2026, are enclosed herewith and marked as Annexure A.
In respect of the captioned matter, I, the undersigned, state and declare that the
information and details provided in Annexure A, in compliance with Regulation 30(13) of
the SEBI Listing Regulations, is true, correct and complete to the best of my knowledge
and belief.
This announcement will also be available on the website of the Company at
www.ixigo.com.
This is for your information and records.
Thank you,
For Le Travenues Technology Limited
Suresh Kumar Bhutani
(Group General Counsel, Company Secretary & Compliance Officer)
Annexure A
S. No. Particulars Details
1. Name of the listed company Le Travenues Technology Limited
2. Type of communication Show Cause Notice in Form GST DRC-01
received dated September 29, 2026, for the FY 2022-
23 under the provisions of KGST/CGST Act,
2017, IGST Act, 2017 and KGST/CGST
Rules (the “SCN”)
3. Date of receipt of SCN received on September 29, 2026, at
communication 05:17 P.M. (IST)
4. Authority from whom Office of the Assistant Commissioner of
communication received Commercial Taxes (Audit) - 3.6, DGSTO-3,
Bangalore, Government of Karnataka
5. Brief summary of the material The Company provides reservation and
contents of the communication booking services for bus travel through its
received, including reasons for online platform. Being an e-commerce
receipt of the communication operator, it collects taxes from customers
and discharges the applicable liability at the
rate of 5% in compliance with Section 9(5)
of the CGST Act. Passenger transportation
services through buses are classified under
HSN 996422, which attracts GST at 5%.
In addition to passenger transport services,
the Company is also registered under other
HSN codes pertaining to IT-related services
and online advertisement services, on which
the applicable GST rate is 18%.
However, the tax authorities have
contended that since the Company is
registered under HSN codes that attract
GST at 18%, it is also liable to discharge
GST at 18% on passenger transportation
services through buses, instead of 5%.
6. Period for which FY 2022-23
communication would be
applicable, if stated
7. Expected financial implications The aggregate proposed demand is
on the listed company, if any ₹237,950,666/- (comprising tax of
₹137,543,738/-, interest of ₹86,652,554/-
and penalty of ₹13,754,374/-)
S. No. Particulars Details
8. Details of any aberrations/non- As per authority, it is alleged that the
compliances identified by the Company has not declared correct tax
authority in the communication liability in its GST returns and the differential
tax appears recoverable from the Company
along with applicable interest u/s 50 and
penalty u/s 122(2)(a).
9. Details of any penalty or ₹13,754,374/-
restriction or sanction imposed
pursuant to the communication
10. Action(s) taken by listed The Company is of the view that the
company with respect to the demand proposed by the authority is not
communication tenable under the provisions of the Act, as
the services provided by the Company
qualify as passenger transport services
taxable at 5% under Section 9(5) of the
CGST Act, 2017, with the Company
discharging the applicable GST as an e-
commerce operator.
The Company believes it has a strong case
on merits. A similar show cause notice for
FY 2021-22 on the same issue, involving a
demand of approximately ₹3.05 crore was
received and informed to the stock
exchanges on October 01, 2025, bearing
reference no. LTTL/L&S/2025-26/10/01.
The issue was dropped by the authority
following the Company’s submissions and
personal hearing. In view of the nature of
the services, the applicable tax treatment
and the earlier favourable order, the
Company will, in consultation with its tax
advisors, submit a comprehensive response
to the relevant authority within the
prescribed timelines to contest the show
cause notice.
11. Any other relevant information Nil