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‘Indian cos’ performance worsened faster in Q4’
There could be several reasons for non-compliance with statutory requirements for paying GST and PF and filing returns.
Synopsis
Similarly, the PF report prepared filings of 2,926 businesses. It showed that 29 per cent of the business entities being monitored reported reduced filings whereas only 13 per cent of the business entities witnessed a drop the previous quarter.
Mumbai: Business performance at Indian firms deteriorated faster in the March quarter than the preceding three-month period, an analysis of tax filings, provident funds (PF) and credit ratings of thousands of entities by analytics company Rubix Technologies showed. ....

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