LLP Annual Filing and Other Compliances
LLP Annual Filing refer to annual return of LLP under LLP Act 2008. Other related compliance for LLP are Statutory filing for TDS, GST, Income Tax and other filing as applicable as per the nature of LLP
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In order to ensure that your incorporated Limited Liability Partnership (LLP) runs effectively, there are certain LLP Annual Filing and other compliance which need to fulfill as and when arises. For effectively, efficiently and economically running of LLP, statutory compliance need to fulfill timely, timely compliance ensure saving in unnecessary and unproductive expenditure in terms of penalty, late fees fine, interest etc.
LLP Annual Filing are broadly categorized in three category; one is Annual Compliance, Monthly / Quarterly statutory Compliance and another is event based Compliance.
LLP Annual Filing are such return and forms which need to file annually irrespective of the fact whether any business activity carried on during the year or not. Such LLP Annual filing Compliance are required to be filed in the form of return which have predetermined dates to be met, all filings required to be done on MCA Portal.
Monthly / Quarterly Statutory Compliance are such returns and forms which need to file on monthly / quarterly basis if the LLP also has registered GST Number; TAN number for TDS return filings; PF and ESI registered entity to fulfill labour law compliance.
Event based compliance are such return and forms which need to file as and when any event arises such as Change in Registered office Address, Resignation / removal of Partner, Addition / Admission of new Partner, any other event etc.
Certain LLP Annual Filing along-with other related compliance filing required to be fulfill by LLP are:
LLP Annual Filing Compliance | |||
Form – 8 | Statement of Account & Solvency | It cover Financial Statement comprises of Profit & Loss and Balance Sheet | 30th October |
Form – 11 | Annual Return of Limited Liability partnership | It cover summary of management affairs of LLP which comprises of partners details | 30th May |
Income Tax Compliance | |||
ITR-5 | Income Tax Return | If Tax Audit of financial statement is not required | 31st July |
ITR-5 | Income Tax Return | If Tax Audit of financial statement is required | 30th September |
ITR-5 | Income Tax Return | If LLP involves in international transaction with associated enterprises and Transfer pricing report need to be filed | 30th November |
3CB-3CD | Income Tax Audit Report | Tax Audit is mandatory if turnover exceed INR 40 lakhs or Contribution exceed INR 25 lakhs | 30th September |
3CEB | Income Tax Transfer Pricing | Transfer Pricing report is mandatory if LLP involves in international transaction with associated enterprises | 30th November |
GST Compliance (if LLP also has valid GST number) | |||
GSTR-9 | GST Annual Return | Annual Return need not to be certified and audited by Chartered Accountant | Refer GST section |
GSTR-9C | GST Annual Reconciliation statement | GST Annual Reconciliation Statement need to be audited and certified by a Chartered Accountant | Refer GST section |
Certain Monthly / Quarterly Compliances required to be fulfil by LLP are:
GST Compliance (if LLP has valid GST number) | |||
GSTR-3B | GST monthly summary | It comprises of monthly summary of GST on sales and purchases | 20th of every next month |
GSTR-1 | GST monthly | It comprises of monthly invoice wise details of sales along with debit and credit note | 10th of every next month |
GSTR-1 | GST quarterly return | If entity adopt for filing quarterly statement, it comprises of quarterly invoice wise sales along with debit and credit note | Before 30 days from the end of quarter |
TDS Compliance (if LLP has valid TIN and entitle to deduct and deposit TDS) | |||
24Q / 26Q / 27Q | TDS Quarterly returns | 24Q refers to TDS deducted and deposited on employees. 26Q refers to TDS deducted and deposited on all parties except employees and foreign parties 27Q refers to TDS deducted and deposited on Foreign parties | Before 30 days from the end of quarter |
PF and ESI Return (if LLP has valid PF and ESI registered entity) | |||
PF & ESI Return | PF and ESI monthly return | This contains details of employer and employee contribution mapped with the challan deposited | Before 15 days from the end of month |
Certain event based compliances required to be fulfil by LLP are:
Form – 3 | Changes in LLP Agreement | This form required to be filed in case of any changes / alteration and addendum made in the LLP Agreement | Within 30 days of such change |
Form – 4 | Changes in Partners | This form requires to be filed in case of any addition/ admission of new partner or retirement / resignation of existing partner or changes in existing partners share | Within 30 days of such change |
Form – 5 | Change in Name | If existing LLP intend to change in its existing name then this form need to be filed | Within 30 days of such change |
Form –12 | Address for service of documents | Normally all correspondence made to the registered address of the LLP, however if LLP intended to notify any other address for communication and service of documents, then Form-12 required to be filed | Within 30 days of such change |
Form – 15 | Change in Registered Office | For intimating the change in registered office address, Form-15 is required to be filed | Within 30 days of such change |
Form – 17 | Conversion of Firm to LLP | This is application made to registrar for approval of conversion of Firm to LLP | Within 30 days of such change |
Form – 18 | Conversion of company to LLP | This is application made to registrar for approval of conversion of any company whether Private or Public to LLP | Within 30 days of such change |
Form – 22 | Intimation of Court’s Order | This is application to Registrar for intimating the order of Court / Tribunal / Company Law Board | Within 30 days of such change |
Form – 25 | Reservation of name by Foreign LLP (FLLP) | This is application to Registrar for reservation of name made by proposed Foreign LLP (FLLP) | |
Form – 27 | Registration of Foreign LLP (FLLP) | This is application for registration of Foreign LLP |
The dates provided herein are the statutory dates, these might got change, during last hour considering the status of Return filed, respective department might increase the date for return filings.
With the ever changing Law and regulatory requirements, we keep on track and advise the same on timely manner in order to ensure proper compliance relating to LLP Annual Filing. We at ReturnFilings.Com will understand the purpose of your compliance for LLP in India and thereafter will provide you detailed analysis mentioning the law requirement and compliance need to fulfill in order to operate it economically and efficiently. We at ReturnFilings.Com will provide you details of complete LLP Annual Filing and other compliance in order to ensure proper smooth and timely compliance. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.