ReferIndia News Tax credit woes: Tractor makers, insurers, fertilizer firms seek faster refunds

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Tax credit woes: Tractor makers, insurers, fertilizer firms seek faster refunds

Published on: Sept. 12, 2025, 10:21 p.m. | Source: Livemint

Tractor and fertilizer companies are requesting quicker GST refunds due to tax rate cuts effective 22 September, which will hinder their ability to recover taxes from consumers. Insurance firms are also seeking clarity on tax credits as individual health and life policies become GST exempt.

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