Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 340

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 340
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741 |

| 6 | Accounts receivable, net of allowance 
 for doubtful accounts                 |

The components of accounts receivables were as follows:

| (In USD)                    | As at |   |   March 
     31, 
    2024 |   |     |   |   March 
     31, 
    2023 |
|:----------------------------|:------|:--|--------:|:--|:----|:--|--------:|
| Accounts receivable         |       | $ | 207,971 |   |     | $ | 255,175 |
| Allowance for credit losses |       |   | (13,774 | ) |     |   |       - |
| Net accounts receivable     |       |   | 194,197 |   |     |   | 255,175 |

The Company records an allowance for credit losses for amounts owed for completed transactions that may never settle or be collected. As at March 31, 2024 and March 31, 2023, allowance amounting to $ 13,774and Nilwas created for expected credit losses respectively.

(This space has been left intentionally blank) F-78 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 7 | Balances with government authorities |

The components of balances with government authorities were as follows:

| (In USD)                           | As at |   |      March 
        31, 
       2024 |   |     |   |     March 
       31, 
      2023 |
|:-----------------------------------|:------|:--|-----------:|:--|:----|:--|----------:|
| Current                            |       |   |            |   |     |   |           |
| Goods and service tax receivable   |       | $ |  4,277,019 |   |     | $ | 3,962,822 |
| Less: Impairment*                  |       |   | (3,849,317 | ) |     |   |         - |
|                                    |       |   |    427,702 |   |     |   | 3,962,822 |
| Non current                        |       |   |            |   |     |   |           |
| Goods and service tax receivable** |       | $ |          - |   |     | $ |   196,483 |
|