Limited Libality Partnership (LLP) is governed by LLP Act, 2008 and hence its must file form with ROC in addition of other compliances. Further please note that financials of every LLP having annual turnover exceeding INR 40 lakhs has to audited by Charted Accountant.
Following are compliances to be done by LLP in a year
Monthly Compliances for LLP
- Monthly GST return filling
Quarterly Compliances for LLP
- TDS Return filling
Annual Compliances for LLP
- To Goods and Services Tax department: –
Annual GST return filling
- To Income Tax department
Income tax return filling
- To Registrar of Companies (ROC)
LLP Form 8 (Statement of Account & Solvency)
LLP is required to file form 8 to ROC within 30 days from the end of six months of the financial year to which it relates. Further every LLP must maintain uniform financial year ending on 31st March of a year hence LLP Form 8 has to be filled by 30th October every year.
LLP Form 11 (Annual Return)
LLP is required to LLP Form 11 (Annual Return) annually. The ‘Annual Return’ is required to be filed within 60 days of close of the financial year. Further every LLP must maintain uniform financial year ending on 31st March of a year hence LLP Form 8 has to be filled by 30th May every year.
Compliances for LLP having turnover less than 15 Lakhs
INR 2,499/ month
Compliances for LLP having turnover less than 40 Lakhs
INR 3,999/ month
Compliances and audit services for LLP having turnover less than 100 Lakhs
INR 5,999/ month