HDFC Life Insurance Company Limited announced that the Company has received mentioned GST Orders on May 27, 2024 from: Deputy Commissioner of State Tax, Bureau of Investigation, (South Bengal)/HQ,West Bengal for Fiscal Year 2019-2020. Nature and details of the action(s) taken, initiated or order(s) passed: Nature: GST Order. Period involved: April 1,2019 to March 31, 2020.

Tax demand: INR 2.157 million. Interest: INR 1.562 million. Penalty: INR 0.216 million.

Details of the violation: Allegation: Short reversal of proportionate input tax credit towards exempt supplies. ii. Deputy Commissioner of State Tax, Bureau of Investigation, (South Bengal)/HQ,West Bengal for Fiscal Year 2020-2021.

Nature and details of the action(s) taken, initiated or order(s) passed: Nature: GST Order. Period involved: April 1, 2020 to March 31, 2021. Tax demand: INR 0.703 million.

Interest: INR 0.382 million. Penalty: INR 0.07 million. Details of the violation: Allegation: Short reversal of proportionate input tax credit towards exempt supplies.