General Announcement::Intimation

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
19-Mar-2024 22:45:28
Status
New
Announcement Sub Title
Intimation
Announcement Reference
SG240319OTHRSPGY
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Deputy Vice President
Description (Please provide a detailed description of the event in the box below)
It is hereby informed that, a penalty of Rs.0.95 crore has been imposed on the Bank by Deputy Commissioner (State Tax), Tamil Nadu for matter/s mentioned in the below table.


Sr. no Particulars Details
1. Name of the authority Deputy Commissioner (State Tax),Tamil Nadu
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 TNGST/CGST Act.
4. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. 19-March-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.10.46 crore (includes tax and penalty)

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

Attachments

SGXForeignSEIntimation-GST order 19mar2024.pdf
Total size =569K