Proprietorship Annual Compliance

Proprietorship Annual Company Compliance: Proprietorship is the most common form of business in India preferred by almost every new entrepreneur as in this form of company, the business is run, managed and controlled by one person only. Proprietorship company requires lesser amount of money and the legal compliance required is less as well. The annual compliance filing only requires the annual financial statement of the company, the GST and Income Tax return of the proprietor. If a person is registered under the GST act, he/she must file a GST return on monthly basis. Failing to comply with the terms, and conditions of the annual compliance may result in penalties.


Sujata Associates is a market leading Company Registration based in Kolkata, serving clients all over India. We provide a various range of legal services which includes Annual Compliance for all types of organizations as well. Want to run your business hassles-free without any legal issues? Choose us as your legal partner, and we will take care of all the registrations, drafting, legal agreements and auditing on your behalf. Get a free quote today by consulting a Sujata Associate’s advisor for your Proprietorship Company Annual Compliance.


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Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.
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Proprietorship Company Annual Compliance Required Documents

  • Invoices of Purchases and Sales during a particular year
  • Invoices of expenses incurred during a particular year
  • Credit Card Statements
  • Bank Statements from all bank accounts in the name of the firm
  • Copy of GST returns filed

  • Proprietorship firms are needed to maintain compliance like LLPs and Companies registered all across India.


    Proprietorship firm compliance basically includes filing of the income tax return. Proprietorship can be started with a minimum amount of capital.