New Delhi, Sept. 12 -- Tractor and fertilizer companies have sought quicker refunds from GST authorities stating that they may not be able to fully recover from consumers taxes already paid on raw materials and services after the government rolls out its tax rate cuts on 22 September.

Insurance company representatives too have sought relief from the Union government on tax credit-related troubles. Life and health insurers will not be able to claim tax refunds as their services have now been exempt from GST beginning 22 September.

Representatives of these industries met senior officers of the Central Board of Indirect Taxes and Customs on Friday.

When companies are not able to recover from consumers taxes paid on raw materials, they see...