Hdfc Bank (HDB) has released an update.
HDFC Bank has been penalized by the Deputy Commissioner of State Tax, West Bengal, for an alleged excess availment of input tax credit during the financial year 2018-19, amounting to a total impact of Rs.0.78 crore. The bank received the order on April 22, 2024, and is currently considering legal avenues for appeal against the penalty of Rs.0.04 crore.
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