Hdfc Bank (HDB) has released an update.
HDFC Bank has been penalized Rs.0.22 crore by the Joint Commissioner of State Tax, Chattisgarh, for alleged tax discrepancies during the financial year 2018-19. The bank faces allegations of short payment of tax and disallowance of input tax credit, with a total financial impact quantified at Rs.4.76 crore. HDFC Bank is currently considering legal avenues for appeal against the order.
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