Sub: Intimation
It is hereby informed that, a penalty of Rs.0.004 crore has been imposed on the Bank by Superintendent of Central GST and Central Excise, Kerala for matter/s mentioned in the below table.
Sr. no | Particulars | Details | ||
1. | Name of the authority | Superintendent of Central GST and Central Excise, Kerala | ||
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 and KSGST Act. | ||
4. | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. | 25-06-2024 | ||
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.0.03 crore (includes tax and penalty) |
The Bank is evaluating appropriate legal remedy, including appeal, as per law.
This is for your information and appropriate dissemination.
Yours faithfully,
For HDFC Bank Limited
Sd/-
Santosh Haldankar
Company Secretary
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HDFC Bank Limited published this content on 27 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2024 10:23:08 UTC.