CarTrade Tech gets GST show cause notice for about Rs 14.82 crores demand

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CARTRADE · price

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹2725.00

prior close

₹2727.80

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%+3.3% vs market

E-Retail/ E-Commerce peers, median of 13sector-1.0%+3.7% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty Smallcap 250 and 3.7 pts more than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.6

10m

+3.7

15m

+4.1

30m

+4.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6-0.7+3.3-1.0+3.7

Next day

-0.5-0.1-0.3-0.5-0.0

-1.8+0.7-2.5+0.2-2.0

+2.4+1.1+1.3+2.0+0.4

+0.9+0.3+0.7-0.4+1.4

-0.4-0.4+0.1-0.6+0.2

+1.0+0.8+0.3+0.9+0.1

15d

+3.7+2.4+1.3-1.0+4.7

-0.7-1.1+0.5-2.8+2.2

-21.8+0.4-22.2-1.9-19.9

-35.2-5.5-29.7-20.4-14.7

UpDownMarket · Nifty Smallcap 250Sector · E-Retail/ E-Commerce peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CarTrade Tech received a show cause cum demand notice from the Directorate General of GST Intelligence, Mumbai dated December 3, 2025, received on December 8, proposing a demand of Rs 14.82 crores plus interest and penalties over alleged ineligible input tax credit availed on Offer for Sale expenses. The company says the demand is not maintainable as the tax amount was already paid through invoices raised on the selling shareholders. It will submit a reply within the prescribed time and expects relief, foreseeing no financial or operational impact.

Likely market impact

Company believes demand is unjustified and expects relief; near-term impact likely limited if its reply is accepted by authorities.