LLP Complainces

✅ LLP Compliances – Explained in Simple Language

A Limited Liability Partnership (LLP) is easier than a company, but it STILL has some mandatory compliances every year.
Think of it like maintaining a car — service it regularly, and you’ll never face penalties.

Here’s everything an LLP must do, explained simply:

1️⃣ Maintain Basic Records

Just like any business, an LLP should keep:

✔ Income & expense details

✔ Invoices & bills

✔ Bank statements

✔ Partnership agreement copy

✔ Minutes of important decisions (not mandatory but good practice)

2️⃣ File Two Mandatory ROC Returns Every Year

Every LLP in India must file two forms with the Registrar of Companies (ROC) every year — even if it has zero business.

📌 Form 11 – Annual Return

• Tells the government “who the partners are and what changes happened.”
• Due Date: 30th May every year

📌 Form 8 – Statement of Accounts & Solvency

• Tells the government about the financial position of the LLP.
• Must be digitally signed by partners + a CA/CS.
• Due Date: 30th October every year

⚠️ Penalty is ₹100 per day per form — no upper limit. So delay becomes very expensive.

3️⃣ Income Tax Return (ITR)

LLP is taxed like a partnership firm.

📌 File ITR-5

• Due Date:

o 31 July → If no audit
o 31 October → If audit is required

4️⃣ Audit Requirements

LLP audit is required only if:

✔ Turnover > ₹40 lakh, or

✔ Capital contribution > ₹25 lakh

If below this — no audit needed.

5️⃣ GST Compliances (If Registered)

If your LLP has GST registration:

✔ File GSTR-1 & GSTR-3B every month/quarter

✔ Maintain sales & purchase records

✔ Reconcile GST monthly

✔ Issue proper GST-compliant invoices

6️⃣ TDS Compliances (If Applicable)

If your LLP pays:

✔ Rent above ₹50,000/month

✔ Professional fees

✔ Contractor payments

✔ Salaries (where applicable)

…then it must deduct TDS, pay it monthly, and file quarterly TDS returns.

7️⃣ Other Optional/Business-Based Compliances

Not mandatory for all LLPs, but needed based on business type:

✔ Professional Tax (some states)

✔ MSME registration

✔ Shops & Establishment license

✔ PF/ESI if employees cross limits

✔ Sector-specific licenses (FSSAI, SEZ, etc.)

⭐ Quick Summary (Super Simple)

Every LLP must:

1️⃣ File Form 11 by 30 May

2️⃣ File Form 8 by 30 October

3️⃣ File Income Tax Return (ITR-5)

4️⃣ Do audit only if large LLP

5️⃣ Do GST/TDS only if applicable

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