Hdfc Bank (HDB) has released an update.
HDFC Bank has been penalized by the Excise & Taxation officer – cum- State Tax officer (Audit), Punjab, for an alleged excess availment of input tax credit related to the financial year 2018-19, resulting in a monetary impact of Rs. 0.42 crore. The bank received the order on April 29, 2024, and is currently considering legal avenues, including the possibility of an appeal.
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