HDFC Bank Limited announced that, a penalty of INR 0.04 million has been imposed on the Bank by Superintendent of Central GST and Central Excise, Kerala for matter/s mentioned in the below table: Name of the authority: Superintendent of Central GST and Central Excise, Kerala; Period Involved: Fiscal Year 2019-20; 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. Details of the violation(s)/contravention(s) committed or alleged to be committed: Alleged excess availment of input tax credit; Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: INR 0.3 million (includes tax and penalty).
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