As per section 35 of the LLP Act 2008, every LLP is required to file the Form 11. The purpose of filing the Form 11 is to prepare the annual return, which is duly verified by the RoL (Registrar of LLPs ) within 60 days of the end of the financial year.

The Statutory Audit is compulsory in case of an LLP only if its annual turnover is beyond ₹40 lakhs and/or its total paid-up capital goes beyond ₹25 lakhs.

If a director fails to comply with the statutory compliances straight for 3 years he/she shall be barred from being a director in any other company.

As a part of statutory compliance It is mandatory to prepare 1) Statutory Registers 2) Minutes Book 3) Books of Accounts 4) Financial Statements 5) Register of Directors Attendance at Board/Committee Meetings.

One Annual General Meeting should necessarily be held in one calendar year & maximum gap cannot more than 15 months between 2 AGMs Holding Board Meeting: First meeting within 30 days of incorporation. A Minimum of 2 meetings, one in each half calendar year. A minimum gap of 90 days is required between 2 meetings (ignore if more than 2 meetings held during the year)

Following are the income tax compliances for a company
 Calculation and Quarterly Payment of Advance Tax
 Filing of Income Tax Returns (Tax will be payable at a flat rate of 30% plus Education Cess)
 Tax Audit: Mandatory in case sales, turnover or gross receipts of a business exceed Rs. 1 Crore in the previous year relevant to the assessment year.
 Filing of Tax Audit Report

Apart from statutory compliances there could be following event based compliances:
 Change in Authorized or Paid-up Share Capital of the Company.
 Allotment of new shares Transfer of shares
 Appointment or Change of Directors.
 Appointment or Change of Auditors.
 Loans are given to other Companies.
 Loans to Directors (only if the company complies with Section 185)
 Opening or closing of bank accounts or change in authorized signatories.
 Creation or satisfaction of Charges.

If a Company fails to comply with the rules and regulations of the Companies Act, then the Company and every officer who is in default shall be punishable with fine for the period for which default continues. If there is a delay in any filing, then additional fees are required to be paid, which keeps on increasing as the time period of noncompliance increases. It should be noted that some of the Annual Filing Forms can also be revised but the fees for subsequently revised filing shall be charged, assuming it as a new filing.

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Yes. GST Returns must be filed according to the GST law. GST return filing is mandatory, irrespective of whether or not any transaction has been recorded in a month. In case of non-filing of nil GST Returns, a late fee of ₹100 per day will be chargeable till such delay continues.

No. It purely depends upon 2 factors whether you need to upload all invoices while GST return filing
1. Whether you are uploading B2B or B2C invoice
2. Whether you are involved in Intra-state or Inter-state supplies

In case of B2B supply, all invoices shall be uploaded, regardless of Intra-state or Inter-state supply. Only then, the Input credit can be claimed by the recipient business.