Hdfc Bank (HDB) has released an update.
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HDFC Bank has been penalized by the Superintendent of Central GST and Central Excise, Kerala, for an alleged excess availment of input tax credit for the fiscal year 2019-20, resulting in a minor financial impact of Rs.0.03 crore. The bank received the order on June 25, 2024, and is considering legal options, including an appeal.
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