Sub: Intimation

It is hereby informed that, a penalty of Rs. 0.01 crore has been imposed on the Bank by State Tax Officer, Gujarat for matter/s mentioned in the below table.

The details are as follows:

Sr.
no

Particulars

Details

1.

Name of the authority

State Tax Officer

Gujarat.

2.

Period Involved F.Y. 2018-19

3.

Nature and details of the action(s) taken, initiated or order(s) passed Disallowance of Input Tax Credit - Order passed under section 73 of CGST Act.

4.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. 06-March-2024

5.

Details of the violation(s)/contravention(s) committed or alleged to be committed Disallowance of Input Tax Credit

6.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible Rs. 0.20 crore (includes tax, interest, and penalty)

The Bank is evaluating appropriate legal remedy, including appeal, as per law.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Santosh Haldankar

Company Secretary

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HDFC Bank Limited published this content on 07 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2024 11:10:01 UTC.