LLP Annual Compliances

LLP Annual Compliances

MCA Compliances

Forms Particulars Due Date
FORM-11 (Annual Return) This form is considered as the summary of management affairs of LLP, like numbers of partners along with their names. 30th of May every year
FORM-8 (Accounts) Form 8 is a Statement of Account and Solvency. It must depict the financial transactions undertaken during the financial year and also the financial position during the year. 30th of October every year

Income Tax Compliances

Forms Particulars Due Date
ITR-5 If Turnover > Rs.40 Lacs or Contribution > Rs. 25 Lacs, audit required 30th September
ITR-5 If Turnover > Rs.40 Lacs or Contribution > Rs. 25 Lacs, no audit required 31st July
Form 3CEB LLP having any international transactions with associated enterprises or have undertaken specified Domestic Transactions. This form is to be certified by practicing Chartered Accountant 30th November
TDS Filings As per applicable sections Quarterly

GST Compliances

GST registration is required for businesses whose annual turnover exceeds Rs 40 lakhs ( Rs 20 lakhs for North Eastern states). For some businesses like Export-Import, E-commerce, and Market Place Aggregator, GST registration is mandatory. After GST registration firms have to file monthly, quarterly and annual GST returns.

Documents Required

  • Financials of the firm, if not then Bank Statement, purchases, sales & expenses invoices for the financial year.
  • PAN Card of the Partners.
  • Address Proof of the Partners.
  • Rental Agreement Copy between the LLP and the Landlord. No-Objection Certificate from the Landlord.
  • MSME Disclosure (Format to be provided by us).
  • Details of LLP and or company in which designated partners are designated partner or director.
  • Statement of contingent liabilities to be attached in case any contingent liability exists.
  • Copy of TDS returns filed.
  • Copy of GST returns filed.
  • Challans of any tax paid.