As Diwali celebrations begin in India, Rubix Data Sciences Private Limited brings good news in its latest Quarterly Risk Transition Report for Q2 FY 2021 (Jul- Sep 2020). This report is based on an empirical study of 13,075 business entities across 30 sectors in India and examines how they have performed versus the prior quarter (Apr-Jun 2020), from a #StatutoryCompliance perspective.
The Report reveals that the Rubix #GST Compliance Score of only 19% of the businesses deteriorated between Q1 and Q2 FY 21, as compared to the massive deterioration of 52% witnessed between Q4 FY 20 and Q1 FY 21. In fact, the Rubix GST Compliance Score of 40% of the businesses improved between Q1 and Q2 FY 21, versus a low 11% improvement recorded in the prior quarter.
Similarly, the Rubix #PF Compliance Score of 47% of the businesses improved between Q1 and Q2 FY 21, versus only 20% improvement recorded in the prior quarter.
This report clearly indicates an improvement in the #financialhealth and lower #Risk levels for businesses in India in Q2 FY 21 (July – September 2020) as the Covid lockdown was gradually lifted.
To read the download the report click on this link: Rubix Quarterly Risk Transition Report Q2 FY 2021 (July-Sep 2020)
