HDFC Bank Faced With GST Penalty

HDFC Bank Faced With GST Penalty

Hdfc Bank (HDB) has released an update.
HDFC Bank has been penalized Rs.0.76 crore by the GST Officer in Delhi, relating to disallowed input tax credit for the fiscal year 2018-19. The total financial impact, including tax, interest, and penalty, is estimated at Rs.15.42 crore. The bank is currently considering legal options, including the possibility of an appeal.
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Source: https://www.tipranks.com/news/company-announcements/hdfc-bank-faced-with-gst-penalty