Home > GST > Help Center > Form 8 of LLP Last Updated: Oct 19th 2023
Form 8 is an annual statement of account & solvency report to be submitted by every LLP, before Oct 30th. Learn the important of the form, process, dues dates, MCA fees, late fees etc.
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There is a new concept of small LLP introduced by LLP (Amendment) Act, 2021. Small Limited Liability partnership means a LLP
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 signature. All LLP and ROC documents form "Small LLP" can be done through self-certification of the designated partner(s) of the LLP.
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 |
Belated filing of Statement of Account & Solvency (Form 8) attracts penalty. The Penalty for non-filing of Form 8 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 | 15 times of normal filing fees plus Rs.10 per day for everyday delay beyond 360 days | 30 times of normal filing fees plus Rs.20 per day foreveryday delay beyond 360 days |
Krishna Information Technology Incorporated in May 2021 and not filed the Statement of Account & Solvency (Form 8) before 30 th October 2022. Their Contribution is Rs 1,00,000. Now they want to file Form 8 on 31/12/2023.The penalty calculation is as follows
Delay in no of days 62 days from due date
Penalty is Rs 50*6 times = Rs 300
The following are the required details for filing Statement of Account & Solvency (Form 8)
Form 8 needs to be certified by designated partners and professional (CA/CS/CWA)