HDFC Life Insurance Company Limited has received a GST Order from Assistant Commissioner of State Tax, Commercial Taxes, West Bengal in the matter of erstwhile Exide Life Insurance Company Limited on March 12, 2024. Name of the Authority Assistant Commissioner of State Tax, Commercial Taxes, West Bengal. Nature and details of the action taken, initiated or order passed Nature GST Order Period involved April 1, 2018 to March 31, 2019 Tax demand INR 17,60,289/Interest ­ INR 17,02,419/Penalty INR 1,82,412/.

Date of receipt of direction or order, including any adinterim or interim orders, or any other communication from the Authority; March 12, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed; Allegations: A) excess availment and utilization of input tax credit; and B) short payment of tax on outward supply due to mismatch in GSTR9 v/s GSTR3B. The said order is appealable before the Appellate Authority.

The Company will file its appeal within the specified period.