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
26-Nov-2024 19:14:34
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG241126OTHRC63C
Submitted By (Co./ Ind. Name)
Dhanjit Thaivallapil
Designation
Deputy Vice President
Effective Date and Time of the event
26/11/2024 15:00:00
Description (Please provide a detailed description of the event in the box below)
It is hereby informed that, a penalty of Rs. 0.72 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Tamil Nadu for matter/s mentioned in the below table.


1. Name of the authority - Deputy Commissioner of State Tax, Tamil Nadu
2. Period Involved - F.Y. 2020-21
3. Nature and details of the action(s) taken, initiated or order(s) passed - Alleged excess availment 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. -25-11-2024
5. Details of the violation(s)/contravention(s) committed or alleged to be committed - Alleged 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. 7.88 crore (includes tax and penalty)

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

Attachments

SGX_26112024.pdf
Total size =537K