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
08-Apr-2024 22:39:49
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG240408OTHR2B1J
Submitted By (Co./ Ind. Name)
HDFC Bank Limited
Designation
Deputy Vice President
Effective Date and Time of the event
08/04/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
We hereby inform that a penalty of Rs.0.08 crore has been imposed on the Bank by Additional Commissioner (Central Tax), Telangana for matter/s mentioned in the below table.

The brief details of the above matter are as follows:

Sr. no Particulars Details
1. Name of the authority Additional Commissioner (Central Tax), Telangana
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/TGST & section 20 of IGST Act.
4. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. 06-April-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.0.90 crore (includes tax 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

SGXIntimation08042024.pdf
Total size =598K