🏢 Annual Compliance for LLPs Registered in Goa
📌 Introduction
Limited Liability Partnerships (LLPs) are a preferred business structure in Goa—whether it’s for boutique hotels in Calangute, beach cafés in Anjuna, or logistics firms in Vasco. They combine the flexibility of partnerships with the limited liability of companies, but they also come with annual compliance obligations.
Meeting these requirements ensures your LLP stays legally compliant, avoids penalties, and maintains credibility with banks, clients, and regulators.
📝 Annual Compliance Requirements for LLPs in Goa
|
Compliance |
Form No. |
Due Date |
Penalty for Delay |
|
Statement of Account & Solvency |
LLP Form 8 |
30th October |
₹100/day |
|
Annual Return |
LLP Form 11 |
30th May |
₹100/day |
|
Income Tax Return |
ITR-5 |
31st July (non-audit) / 31st October (audit) |
₹1,000–₹5,000 + interest |
|
Designated Partner KYC |
DIR-3 KYC / KYC-WEB |
30th September |
₹5,000 per partner |
📜 Key Filings Explained
💼 Audit Requirement
An LLP in Goa must get its accounts audited if:
-
Annual turnover exceeds ₹40 lakh, or
-
Capital contribution exceeds ₹25 lakh.
⚖ Penalties for Non-Compliance
|
Default |
Penalty |
|
Late filing of Form 8/11 |
₹100 per day (no maximum limit) |
|
Late ITR filing |
₹1,000–₹5,000 + interest |
|
Non-filing of DIR-3 KYC |
₹5,000 per partner |
📋 Compliance Checklist for Goa LLPs
✅ Maintain proper books of accounts.
✅ Get audit done if applicable.
✅ File Form 11 by 30th May.
✅ File Form 8 by 30th October.
✅ File ITR-5 by due date.
✅ File DIR-3 KYC by 30th September.
✅ Keep copies of all challans & filed forms.
📍 Key Compliance Offices in Goa
-
Registrar of Companies (ROC) Goa – Panaji
-
Income Tax Department Goa – Panaji & Margao
-
TAXAJ Goa Desk – Expert assistance for LLP filings
🔍 Final Word
For LLPs in Goa, annual compliance is more than a legal formality—it’s a sign of professionalism. Missing deadlines can cost thousands in penalties, but timely filing keeps your business reputation intact. Partnering with experts like TAXAJ ensures accuracy and on-time compliance.
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