Acquisition cost of fleet operators to decline after GST reduction: Crisil Ratings - A2Z Taxcorp LLP

It said in a statement on Monday that GST on commercial vehicles has been reduced to 18% from 28%. “This will bring down the acquisition cost of fleet operators,” it said. Domestic commercial fleet operators are expected to clock a revenue growth of 8% to 10% this financial year, according to the statement. Strong domestic demand and import-related fleet requirements will drive growth. Higher reve…