HDFC Life Insurance Company Limited has received a GST Order from Proper Officer, Ward - 201, 203, 208 and 209, New Delhi on March 27, 2024. Nature and details of the action(s) taken, initiated or order(s) passed: Nature - GST Order: Period involved: April 1, 2018 to March 31, 2019; Tax demand: INR 52 million, Interest: INR 48.60 million, Penalty: INR 5.205 million. Allegations: Short payment of GST on outward supply due to mismatch in GSTR-9 vs GSTR 3B.

Excess availment of input tax credit due to mismatch in GSTR 3B vs GSTR2A towardsinput service distributor (ISD) supplies. Ineligible input tax credit claimed. Short reversal of proportionate input tax credit towards exempt supplies.

The said order is appealable before the Appellate Authority. The Company will file its appeal within the specified period.