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.