Annual Compliance for LLP in India (2024-25)

❊ Introduction

A Limited Liability Partnership (LLP) in India combines the flexibility of a partnership with the benefits of limited liability of a company. However, while LLPs enjoy minimal operational restrictions, they’re subject to several mandatory annual compliance requirements under the LLP Act, 2008, the Income Tax Act, 1961, the GST Act, and labour laws like PF & ESI.

Non-compliance leads to heavy penalties and legal complications, making it essential for LLPs to stay compliant every financial year.

This guide covers all annual compliances for LLPs in India, including due dates, penalties, and filing procedures.

❊ Annual Compliance Requirements for LLP

Under LLP Act, 2008

Compliance	Form	Due Date	Penalty for Delay
Statement of Account & Solvency	Form 8	30th October of every year	₹100 per day of delay
Annual Return	Form 11	30th May of every year	₹100 per day of delay

Note: Filing is mandatory even if the LLP has no transactions during the year.

Under Income Tax Act, 1961

Compliance	Form	Due Date	Penalty for Delay
Income Tax Return (LLP not requiring audit)	ITR-5	31st July of the assessment year	₹5,000 – ₹10,000 under Section 234F
Income Tax Return (LLP requiring audit)	ITR-5	31st October of the assessment year	₹5,000 – ₹10,000 under Section 234F
Tax Audit (if turnover exceeds ₹1 Cr for business / ₹50 Lakh for profession)	Form 3CA/3CB-3CD	30th September	₹1,50,000 or 0.5% of turnover, whichever is lower

Under GST Act

Compliance	Form	Frequency	Due Date	Penalty for Delay
GST Return for Outward Supplies	GSTR-1	Monthly/Quarterly	11th of next month or 13th of next month (QRMP scheme)	₹50/day (₹20/day if nil) per return
GST Return Summary & Tax Payment	GSTR-3B	Monthly/Quarterly	20th, 22nd or 24th of next month depending on turnover	₹50/day (₹20/day if nil) per return
Annual GST Return (if applicable)	GSTR-9	Annually	31st December of following financial year	₹200/day (₹100 CGST + ₹100 SGST)

Note: LLPs with turnover up to ₹5 crore can opt for QRMP (Quarterly Return Monthly Payment) scheme.

Under PF & ESI Acts

Compliance	Form	Frequency	Due Date	Penalty for Delay
PF Monthly Contribution Filing	ECR (Electronic Challan-cum-Return)	Monthly	15th of next month	₹5,000 to ₹25,000 + interest and damages
ESI Contribution Filing	ESI Return	Half-Yearly	12th May and 11th November	₹5,000 to ₹25,000 + interest and damages

Note: Applicable only if employee strength crosses the PF/ESI applicability threshold.

❊ Why Is Annual Compliance for LLP Important?

Avoid Penalties: Non-compliance invites significant late fees and penalties.
Maintain Active Status: Regular filing prevents LLP strike-off by Registrar.
Financial & Legal Transparency: Ensures financial disclosures and business records are in order.
Facilitates Loan Approvals & Tenders: Mandatory for securing loans, investor funding, and participating in government tenders.
Protect Partners’ Limited Liability: Non-compliance can pierce limited liability protection.

❊ List of Mandatory Forms for LLP Compliance

Form 11 — Annual Return
Form 8 — Statement of Account & Solvency
ITR-5 — Income Tax Return for LLP
Form 3CA/3CB-3CD — Tax Audit (if applicable)
GSTR-1 & GSTR-3B — GST Returns
GSTR-9 — GST Annual Return
ECR — EPF Filing
ESI Returns — ESI half-yearly return

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Yes, even if the LLP has no business activity during the financial year.

₹100 per day for each form until the default continues.

On or before 30th May of every year.

On or before 30th October of every year.

Yes, if annual turnover exceeds ₹1 crore (business) or ₹50 lakh (profession).

ITR-5.

31st July for non-audited LLPs; 31st October for audited LLPs.

If turnover exceeds ₹20 lakh (services) or ₹40 lakh (goods), GST registration is mandatory.

Return for outward supplies filed monthly or quarterly.

Summary return of sales, purchases, and tax payment.

20th, 22nd, or 24th of the following month based on turnover slab.

Yes, if turnover exceeds ₹2 crore (mandatory GSTR-9).

15th of the following month.

12th May and 11th November (half-yearly).

Only if employee strength exceeds threshold limits (20 for PF, 10 for ESI).

Heavy fines, legal notices, and even strike-off by the Registrar of Companies(RoC).

Yes, under the QRMP scheme for turnover up to ₹5 crore.

₹1 crore for business, ₹50 lakh for profession.

Yes, even if there are no transactions during the year.

On the MCA website via LLP Master Data.

Conclusion

LLPs in India must adhere to various statutory, tax, and regulatory filings annually. Missing deadlines attracts heavy penalties, impacting business continuity. It’s always advisable to consult an experienced compliance partner like SparkMyVenture for timely filings and seamless compliance management.

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