HDFC Life Insurance Company Limited has received below mentioned GST Orders on April 29, 2024 from: Excise and Taxation officer, Ward 10, Gurgaon (North), Haryana; and State Tax Officer - cum - Proper officer, Ward 43, Ludhiana 3, Punjab in the matter of erstwhile Exide Life Insurance Company Limited. Name of the Authority: Excise and Taxation officer, Ward 10, Gurgaon (North), Haryana. Nature: GST Order, Period involved: April 1,2018 to March 31, 2019, Tax demand: INR 11.0 million, Interest: INR 10.9 million, Penalty: INR 1.1 million.

Date of receipt of direction or order including any adinterim or interim orders or any other communication from the Authority; April 29, 2024. Allegation: Excess availment of Input tax credit due to Mismatch in GSTR3B vs GSTR2A and Ineligible input tax credit claimed. The said order is appealable before the Appellate Authority.

The Company will file its appeal within the specified period. Name of the Authority: State Tax Officer - cum - Proper officer, Ward 43, Ludhiana 3, Punjab. Nature: GST Order, Period involved: April 1, 2020 to March 31, 2021, Tax demand: Nil, Interest: Nil, Penalty: INR 12.4 million.

Date of receipt of direction or order, including any adinterim or interim orders, or any other communication from the Authority; April 29, 2024. Allegation: Distribution of input tax credit from branch to head office and from branch to other branches. The said order is appealable before the Appellate Authority.

The Company will file its appeal within the specified period.