Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 255

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 255
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 as follows:

    (In USD) As at 
    September 30, 2025  
    March 31, 2025 

    Balances in bank accounts* 
    $169,357  
    $1,077,275 
  
    Cash and cash equivalents    
    $169,357  
    $1,077,275 

* This includes $83,327 collected on behalf of but not yet remitted to the Hosts which are included in accounts payable. Refer note 13.

5Accounts
                                            receivable, net of allowance for credit losses

The
components of accounts receivable were as follows:

    (In USD)  As at 
    September 30,  2025  
    March 31, 2025 

    Accounts receivable 
    $107,297  
    $214,083 
  
    Allowance for credit losses 
     (12,940) 
     (13,433)
  
    Net accounts receivable    
    $94,357  
    $200,650 

The
Company records an allowance for credit losses for amounts owed for completed transactions that may never settle or be collected. For
the three months and six months ended September 30, 2025, allowance amounting to $NIL and $NIL respectively was created for expected
credit losses respectively (March 31, 2025 :$NIL).

Movement
in allowance for expected credit loss

    (In USD) As at 
    September 30,  2025  
    March 31, 2025 

    Balance at the beginning of the period 
    $13,433  
    $13,774 
  
    Foreign currency translation adjustment 
     (493) 
     (341)
  
    Closing balance    
    $12,940  
    $13,433 

26

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS (UNAUDITED)

6Balances
                                            with government authorities

The
components of balances with government authorities were as follows:

    (In USD) As at 
    September 30,  2025  
    March 31, 2025 
  
    Current 

    Goods and service tax receivable 
    $3,616,337  
    $3,941,649 
  
    Less: Impair