GST boost: Srei looks to give new lease of life to its leasing business

With goods and services tax (GST) resulting in a reduction in tax on leasing, Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, is looking to give a new lease of life its leasing business. 

The company is targeting the wagons’ business from the Railways, which recently announced that it will procure a record number of wagons. 

Over the last few years, Srei’s leasing business had come to a near standstill on account of multiple taxes, adding up to a high of 33 per cent. Now, with the GST in place, the tax rates on leasing has come down