a. Objective
The objective for preparation of this MIS is to keep a track record of the fees charged by the advisory and other institution involved in the process of management of our PMS . The MIS helps us with bifurcation of the fees charged by them & the total applicable GST on the Total fees & the TDS to be deducted.
b. Input
The input for preparation of this MIS is tracked from the Investment Fund Statement received from the advisories & the invoice sent to the company:
PAN Details : The Pan no. of the management personnel whose documentation have been submitted.
Invoice No. : The invoice sent to ICL for the payment of the fees related to the management of investment .
Custody Fees: The fee relates to no. of transactions held in the investment during the month
Fund Account Fees : This fees relates to the advisory tracking the fund usage from the assigned cash by the investor.
SEBI Charges : These are charges levied by SEBI on the PMS fund Management.
DP Charges : These are depository participant charges levied by NSDL & CSDL
Management Fees: These are the fees charged by the advisory for effective management of fund by the advisory.
Total Fees : This is a sum total of all the fees as reflected in the invoice which charged by the Advisory and other institution for the investment in PMS.
c. Output
The output from this MIS is also tracked down from the invoice sent by the advisory:
GST : Gst applicable in case of the fees on investment is 18% of the total fees charged by the advisories & other institution involved in the management of these funds.
Invoice Value : It is the sum total of Total fees charged & the GST applicable on the fees.
TDS: In the given case the applicability is of Sec 194 C where a 2% TDS is deducted on the Total Fees as mentioned in the invoice.
d. Verification & Analysis
To be discussed