Insurance firms seek GST cut on commissions to ease cost pressure
The insurance industry in India is engaged in discussions with the government over reducing the Goods and Services Tax (GST) on commissions and distribution costs, a move that could ease pressure on companies such as SBI Life Insurance. Analyst Mayank Chandel said the stock is moving sideways near its all-time high, with a resistance zone between ₹1,800 and ₹1,930.