Taxcharcha
Company LawLatest

Major relief to LLPs by reducing the Late fee

Reduction in LLP fee

In a welcoming step by the Ministry of Corporate Affairs (MCA), it has been notified to reduce the additional fee in case of filing of the LLP forms.

S.No.Period of DelaysSmall LLPsOther than LLPs
a.Upto 15 days1 time1 time
b.More than 15 days and upto 30 days2 times of normal filing fees4 times of normal filing fees
c.More than 30 days and upto 60 days4 times of normal filing fees8 times of normal filing fees
d.More than 60 days and upto 90 days6 times of normal filing fees12 times of normal filing fees
e.More than 90 days and 180 days10 times of normal filing fees20 times of normal filing fees
f.More than 180 days and upto 360 days15 times of normal filing fees30 times of normal filing fees
g.Beyond 360 days25 times of normal filing fees for forms other than Form 8 and Form 11. For form 8 and form 11, 15 times normal filing fees plus Rs. 10 per day for every day delay beyond 360 days50 times of normal filing fees for forms other than Form 8 and Form 11. For form 8 and form 11, 30 times normal filing fees plus Rs. 20 per day for every day delay beyond 360 days

 

The aforesaid relaxation has been provided to the LLPs by notifying the Limited Liability Partnership (Amendment) Rules, 2022 which shall come into effect from 1st April 2022.

Related posts

Deferment of certain provisions of Volume – I of Code of Ethics 2019

Team Taxcharcha

Circular No. 89/08/2019-GST – Seeks to clarify situations of mentioning details of inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1.

Team Taxcharcha

Notification No. 91/2020 – Central Tax – CBIC extends the due date of compliance falling on 29th November and 30th November to 30th March and 31st March 2021 respectively

Team Taxcharcha