Sub: Disclosure

It is hereby informed that, a penalty of Rs.0.76 crore has been imposed on the Bank by GST Officer, Delhi for matter/s mentioned in the below table.

The details as required to be provided as per sub-para 20 of Para A of Part A of Schedule III of SEBI LODR Regulations are as follows:

Sr. 
no 		 Particulars Details
1. Name of the authority GST Officer, Delhi.
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 (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. 20-04-2024
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.15.42 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.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Santosh Haldankar

Company Secretary

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HDFC Bank Limited published this content on 23 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2024 10:07:21 UTC.