General Announcement::Disclosure

Issuer & Securities

Issuer/ Manager
HDFC BANK LIMITED
Securities
HDFCBANK INR23B 8.1%N250322 - XS1794215696 - 8NPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Aug-2024 18:47:29
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG240827OTHR2JVA
Submitted By (Co./ Ind. Name)
Dhanjit Thaivallapil
Designation
Deputy Vice President
Effective Date and Time of the event
26/08/2024 23:45:00
Description (Please provide a detailed description of the event in the box below)
We hereby inform that a penalty of Rs. 0.01 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Maharashtra for matter/s mentioned in the below table.

1. Name of the authority- Deputy Commissioner of State Tax, Maharashtra
2. Period Involved -F.Y. 2019-20
3. Nature and details of the action(s) taken, initiated or order(s) passed- Alleged delayed reporting of invoices, short payment of Tax and 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-26-08-2024
5. Details of the violation(s)/contravention(s) committed or alleged to be committed-Alleged delayed reporting of invoices, short payment of tax and excess availment 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. 0.41 crore (includes tax, interest and penalty)

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

We request you to bring the above to the notice of all concerned.

Attachments

SGX27082024.pdf
Total size =537K