HDFC Life Insurance Company Limited announced that the company has received a GST Order from Deputy Commissioner State Tax, Dehradun In the matter of erstwhile Exide Life Insurance Company Limited on April 10, 2024. Name of the Authority: Deputy Commissioner State Tax, Dehradun. 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 1.843 million; Interest: INR 1.843 million; Penalty: INR 0.369 million.

Date of receipt of direction or order: April 10, 2024. Allegation: A) Excess availment of Input tax credit due to mismatch in GSTR3B vs GSTR2A. This order will have no adverse material impact on the financial operations of the Company and the same shall be further contested by the Company by way of an appeal before the Appellate Authority.