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
22-May-2024 16:56:22
Status
New
Announcement Sub Title
Disclosure
Announcement Reference
SG240522OTHR6LCM
Submitted By (Co./ Ind. Name)
HDFC Bank Limited
Designation
Deputy Vice President
Effective Date and Time of the event
21/05/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
It is hereby informed that a penalty of Rs.1.07 crore has been imposed on the Bank by Additional Commissioner
Customs & Central Tax, Telangana for matter/s mentioned in the below table.
The details as required to be provided are as follows:
Sr.
no Particulars Details
1. Name of the authority Additional Commissioner Customs & Central Tax, Telangana
2. Period Involved F.Y. 2017-18
3. Nature and details of the action(s) taken, initiated or order(s) passed Alleged short payment of Tax and disallowance
of input tax credit - Order passed under section 74 (9) and section 125 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. 20-05-2024
5. Details of the violation(s)/contravention(s) committed or alleged to be committed Alleged 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.2.18 crore (includes tax, interest and penalty)
The Bank is evaluating appropriate legal remedy, including appeal, as per law.

Attachments

SGXGSTOrder22052024.pdf
Total size =665K