ROC Annual Filing

        Introduction     If you have incorporated your business structure as a Limited Liability Partnership structure in India. Then you should be aware of certain annual compliance for LLP which is necessary to be filed every year. The annual compliance is ITR, DIR 3 KYC, Form 8 and Form 11 which should be filed after the end of the financial year. This blog we will focus on 2 mandatory annual compliance filed by an LLP that are Form 8 which is regarding statement of account and solvency and Form 11 which is regarding annual returns.     What is Form 8 of LLP?     Form 8 is submitted to ROC each year for filing the solvency and statement of accounts of LLP. This Form includes a declaration on the LLP's solvency by the authorized partners, as well as information of the LLP's assets and liabilities and revenue and expenditure statements. This compliance for LLP should be filed annually.     What is Form 11 of LLP?     Form 11 is submitted to the ROC each year for filing the a

        Introduction     LLP stands for Limited Liability Partnership firm. It is an alternative business form that offers   limited liability protection like all other business structures and the flexibility of a partnership. There is no impact on this type of business, when there is any change in the partners arrangement in the firm. This dynamic structure is rapidly becoming a common form of business formation for many individuals. Even in nations like the United States, the United Kingdom, Australia, and Germany, this business strategy is widely considered.   A key advantage of an LLP is that it shields an individual partner from joint liability and errors made by other partners in a partnership firm. While there are various company structures to select from, the Limited Liability Partnership (LLP) structure is a popular choice nowadays among the entrepreneurs. It is important to look into the benefits of selecting an LLP as your business structure. Keep reading this blog, we wi

      Introduction All registered Taxpayers are required to file GST returns. The tax return forms known as GST returns should be filed by companies to the Income Tax authorities of India. The GST return is filed monthly, quarterly and annually, depending upon which GST return you are filing. In this blog let us study the different GST return to be filed by taxpayers.       Different GST return filed by the taxpayer     GSTR 1- In this return, the details of the outward supply of goods and services are filed by the taxable suppliers. It is filed every month. Such details should be furnished in an electronic statement by the registered taxpayer. The due date for filing the GSTR 1 is on or before the 11th of the succeeding month. Details of invoices, debit notes, revised invoices and credit notes issued during the tax period etc. should be included in the GSTR 1.   When the registered supplier opts the QRMP scheme, the GSTR 1 is filed quarterly. In this return, taxable suppliers file t