HDFC Bank Limited announced that, a penalty of INR 15.9 million has been imposed on the Bank by Excise and Taxation Officer of State Tax, Haryana. Period Involved: Fiscal year 2018-2019; Nature and details of the action(s) taken, initiated or order(s) passed: Alleged short payment of Tax and disallowance of input tax credit - Order passed under section 73 (9) of CGST Act. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible includes INR 312.5 million (includes tax, interest and penalty).
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