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
15-Aug-2024 14:28:09
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG240815OTHR0Y7L
Submitted By (Co./ Ind. Name)
HDFC BANK LIMITED
Designation
Deputy Vice President
Effective Date and Time of the event
15/08/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
We hereby informed that, a penalty of Rs. 0.08 crore has been imposed on the Bank by Deputy Commissioner of State Tax, Maharashtra for matter/s mentioned in the below table.

Sr. no Particulars Details
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 excess availment of input tax credit - Order passed under section 73(9) 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.- 14-08-2024
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.1.69 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

SGX.pdf
Total size =538K