Home > GST > Help Center > Form 11 of LLP Last Updated: Dec 09th 2023
Annual Return (Form 11) of LLP - Explained
Form 11 is an Annual Return for LLP to be filed before May 30th every year and must be filed irrespective of whether the LLP has started its business or not. Learn more on Form 11, how its different between small LLPs and regular LLPs, fees, late fees, and certification requirement.
This document covers
- What is Annual Return (Form 11)
- Due date for Filing Annual Return
- Small LLP
- MCA Fees for filing Annual Return
- Additional Fee for belated filing of Annual Return
- Required details for filing Annual Return in Form 11
- Certification in Annual Return
1. What is Annual Return (Form 11)
- Every LLP should file Annual Return within 60 days from the closure of financial year.
- It must be signed by the designated partners of LLP.
- Annual Return needs to be filed in Form 11
2. Due date for Filing Annual Return (Form 11)
- The due date for filing Annual Return in Form 11 is May 30 every year.
- Annual Return in Form 11 needs to be filed irrespective of whether the LLP has started its business or not.
3. Small LLP
There is a new concept of small LLP introduced by LLP (Amendment) Act,2021. Small Limited Liability partnership means a LLP
- Whose Contribution does not exceed Rs 25 lakhs or such higher amount which could be increased by Government upto maximum of Rs 5 Crores
- Whose Turnover in previous financial year does not exceed Rs 40 lakhs or such higher amount which could be increased by Government upto Rs 50Crores.
The purpose of Small LLP is to reduce the compliance burden, reduce the normal fees, reduce the penalty for non-compliance and eliminating the need for a professional signatures. All LLP and ROC documents form "Small LLP" can be done through self certification of the designated partner(s) of the LLP.
4. MCA Fees for filing Annual Return (Form 11)
Every form which is filed with ROC will have Govt fee. The government fee is as follows
| S.No | Contribution Amount | Fee Applicable |
|---|---|---|
| 1 | Up to Rs 1,00,000 | 50 |
| 2 | More than Rs 1,00,000 up to Rs 5,00,000 | 100 |
| 3 | More than Rs 5,00,000 up to Rs 10,00,000 | 150 |
| 4 | More than Rs 10,00,000 up to Rs 25,00,000 | 200 |
| 5 | More than Rs 25,00,000 up to Rs 1,00,00,000 | 400 |
| 6 | More than Rs 1,00,00,000 | 600 |
5. Additional Fee (Penalty) for belated filing of Annual Return (Form 11)
Belated filing of Annual Return in Form 11 attracts penalty. The Penalty for non-filing of Form 11 is Rs 100 per day till 31st Mar 2021. w.e.f 01st Apr 2022, Late fee for LLP Compliance has been reduced as follows
| S.No | Period of delay | Additional fee payable for Small LLPs (INR) | Additional fee payable for Other than Small LLPs (INR) |
|---|---|---|---|
| 1 | Up to 15 days | 1 times of normal filing fees | 1 times of normal filing fees |
| 2 | More than 15days and up to 30 days | 2 times of normal filing fees | 4 times of normal filing fees |
| 3 | More than 30 days and upto 60 days | 4 times of normal filing fees | 8 times of normal filing fees |
| 4 | More than 60 days and upto 90 days | 6 times of normal filing fees | 12 times of normal filing fees |
| 5 | More than 90 days and upto 180 days | 10 times of normal filing fees | 20 times of normal filing fees |
| 6 | More than 180 days and upto 360 days | 15 times of normal filing fees | 30 times of normal filing fees |
| 7 | Beyond 360 days | 25 times of normal filing fees | 50 times of normal filing fees |
Example
Krishna Information Technology Incorporated in May 2021 and not filed the annual return before 30th May 2022. Their Contribution is Rs 1,00,000. Now they want to file annual return on 31st Dec 2023.The penalty calculation is as follows
Delay in no of days – 215 days from due date
Penalty is Rs 50 * 15 times = Rs 750
6. Required details for filing Annual Return in Form 11
The following are the required details for filing Annual Return in Form 11
- LLPIN, LLP Name and Address of the LLP
- Jurisdiction of Police Station for registered address
- Business Classification (Business / Profession/ Service/ Occupation/ Others)
- Principal business activities of the LLP
- Total number of Designated Partners
- Total obligation of contribution of partners and contribution received from all the partners of the LLP
- Residential Status of Partners
7. Certification in Annual Return (Form 11)
- If the contribution does not exceed Rs 50 lakhs or turnover does not exceed Rs 5 crore: Partners of LLP needs to digitally sign Annual Return in Form 11
- If the contribution is greater than or equal to Rs 50 lakhs or turnover greater than or equal to Rs 5 crore : Company Secretary in whole time practice needs to digitally sign Annual Return in Form 11