Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 278

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 278
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 31, 
       2024 |   |
|:---------------------------------|:------|:--|-------------:|:--|:----|:--|-----------:|:--|
| Current                          |       |   |              |   |     |   |            |   |
| Goods and service tax receivable |       | $ |    4,220,938 |   |     | $ |  4,277,019 |   |
| Less: Impairment*                |       |   |   (3,748,841 | ) |     |   | (3,849,317 | ) |
|                                  |       | $ |      472,097 |   |     | $ |    427,702 |   |
| Non-current                      |       |   |              |   |     |   |            |   |
| Other tax receivables            |       | $ |        3,940 |   |     | $ |     18,126 |   |
|                                  |       | $ |        3,940 |   |     | $ |     18,126 |   |

| * | During the year ended March 31, 2024, the Company recorded                                                                             
 an allowance for impairment of tax credits for an amount of $3,849,317 for estimated losses resulting from substantial doubt about the 
 utilization of the tax credits. As of December 31, 2024 the impairment amounts to $3,748,841.                                          |

F-23 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 8 | Short            
 term investments |

The components of short term investments were as follows:

| (In USD)                
 As at                   |     | December 31, 
 2024         |   |     | March 31, 
 2024      |         |
|:------------------------|:----|:-------------|:--|:----|:----------|--------:|
| Certificate of deposits |     | $            | - |     | $         | 298,495 |
| Short term investments  |     | $            | - |     | $         | 298,495 |

| 9   
 (a) | Other current assets |

The components of other current assets were as follows:

|                                 | (In USD) 
 As at    |   | December 31,