SAC CODE GST
February 17, 2019
GST Treatment on Retention Money
February 20, 2019
LLP Form 8 Annual Return
LLP Form 8 is Annual return for Limited Liability Partnership. Due Date For Form 8 for FY 2019-20 is 30 October 2020. Late filing Penalty Fees for Form 8 is Rs.100/- Per day. From 8 is only E Filing, no manual filing. Online Filing of Form 8 is mandatory for LLP. In LLP Act 2008 there is no provision for revision. Form 8 Due is on 30 October each year. Hence LLP must file Annual Return before 30 October.
Legal Provision for Filing of Form 8 of LLP
LLP Form 8 filing legal is mandatory as per Section 34 (3) of Limited Liability partnership Act 2008 read with rule 24 of the Limited Liability Partnership Rules, 2009.
Section 34(3) of Limited Liability partnership Act 2008 Every limited liability partnership shall file within the prescribed time, the Statement of Account and Solvency prepared pursuant to sub-section (2) with the Registrar every year in such form and manner and accompanied by such fees as may be prescribed.
Rule 24 Limited Liability Partnership Rules, 2009
Every limited liability partnership shall file the Statement of Account and Solvency in Form 8 with the Registrar, within a period of thirty days from the end of six months of the financial year to which the Statement of Account and Solvency relates.
Key Points For Filing LLP Form 8
Following are important Points which LLP need to consider before filing of Form 8. This is Five page Form.
- Details about Annual Return of Limited Liability Partnership Year , Start Date of financial year, LLP Registration Number
- Registered office address of LLP & Other address if any
- Declare Turnover above 40 lac or Below 40 Lac
- Declare Contribution above 25 Lac or Below 26 Lac
- Details of statement of Account ( Contribution , Secured Loan , Unsecured Loan, Fixed assets
- Details of statement of Income and Expenditure ( Sale of Goods , Services, Expenses etc. )
- Sign with DSC of Designated Partner
- Other
Limited Liability Partnership Form 8 once filed it final. Filing Revised Form 8 option is not available. From Legal Points its important to File Form 8 with due care.
Read Income Tax Saving Tips For LLP
Documents Attachment List for Form 8
- Disclosure under MSME Development Act, 2006 (this attachment is mandatory)
- Audited Financial Statement (if applicable)
- Statement of Contingent Liability (if contingent liability exists).
- Any other additional documents, as required.
LLP Form 8 Due Date
Due Date of LLP Form 8 for FY 2019-20 is 30 October 2020. As per LLP Act 2008 Financial Year for LLP is taken as Start of 01 April and End at 31 March . Hence For FY 2019-20 financial year for LLP shall be 01 April 19 to 31 March 2020. Form 8 need to be filed by 30 October of Each Year. All LLP Must file Form 8 in due date to save late filing penalty.
LLP Form 8 Late Penalty
LLP Form 8 Late filing penalty is Rs.100/- per day. This Form carries unlimited legal penalty with it. Where LLP this LLP Annual return is not filed with in due date of 30 October , Penalty of Rs.100/- per day applicable. This penalty is irrespective of LLP transactions. LLP even which not started any business need to file Annual Return Form 8. For Example M/s ABC LLP filed Form 8 late by 30 days then late penalty shall be Rs. 3000/- ( Rs.100 * 30 Days )
Government Filing Fees for Filing LLP Form 8
MCA Calculates LLP Form 8 fees on basis of contribution in LLP. Fees For Form Rs.50 to Rs.200/- Below is summary of Government fees for Filing Form 8.
| Contribution in LLP ( Total Amount ) | Government Fees Applicable |
| LLP having Contribution up to Rs. 1 Lakh | Rs. 50/- |
| LLP having Contribution more than Rs. 1 Lakh up to Rs. 5 Lakhs | Rs. 100/- |
| LLP having Contribution more than Rs. 5 Lakhs up to Rs. 10 Lakhs | Rs. 150/- |
| LLP having Contribution more than Rs. 10 Lakhs | Rs. 200/- |
For Foreign LLP Form 8 filing fees is Rs. 1000/-
Partner Signature Filing Form 8
The LLP Form 8 is available on government portal of Ministry of Corporate affairs. With use of Digital Signature of Designated Partner Form 8 need to filed. Minimum two designated partner signature required for filing. And In case of Foreign LLP , signature of authorized representative required.
Download Form 8
Download LLP Form 8 official website of MCA. This can be downloaded in PDF Format only. LLP Form 8
MCA Guide For Form 8
Get Instruction Kit for LLP Form 8 Filing.LLP Form 8 Help Kit
Read Income Tax Saving Tips For LLP
