Alankit as GST Suvidha Provider (GSP)

1st July 2017 holds a vital place in the history of economic change where notorious and complex tax system was channelized by one single unique tax – Gross Service Tax (GST) by the Government of India.

GST is an indirect tax that replaced multiple cascading taxes by central and state governments. This tax is governed by GST council chaired by Union finance Minister of India. With the aim to reform indirect taxation, GST was introduced. Amalgamating several Central and State tax into single one would do away with double taxation and defoliating a common national market thus leading to easier administration and enforcement.

Biggest advantage to the end user is reduction in terms of reduction in the overall tax burden on goods. In order to ease the process of GST and to educate the masses about this new tax system, Alankit Ltd. has successfully been qualified as GST Suvidha provider(GSP) to extend services to tax payers for complying with the upcoming GST regime.

As a GSP, Alankit strives to provide convenient methods to taxpayers and other stakeholders in interacting with the GST Eco System and other services such as:

1. Migration to GST
2. Registration in GST
3. Invoice Management
4. Challan Generation
5. Return filing
6. Integrating current ERP
7. Consultation services
8. Back end support and other auxiliary services.
9. It provides a functionality to tax payer to reconcile sales and purchase invoices and upload reconciled invoices on GST Network (GSTN)
10. Consolidated view of all clients
11. Get updates on tax payers from GST system
12. Provide action oriented reports every year
13. Partnership with prominent Chartered Accounts (CA) firms for taxation and financial matters.
14. Development process by state of art technology
15. Syncing with GSP – increase of workforce and thus ready to cater growing demands
16. In house secure IT infrastructure

Alankit as a GST Suvidha Provider embraces ease of business with reliable and suitable assistance. GST India will affirmatively bring in complete digitalization and has made the return filing process more complex. Nominated as leading technology provider- GSP (GST Suvidha Provider); Alankit assists in smooth transition.

Working in sync with government bodies, Alankit currently assists tax payers i.e. businesses and traders in all tax and all GST related matters.

Things to Know About Alankit Dubai

Alankit is one stop solution for all when it comes to managing finance. The institution has over the years managed to expand its horizons outside the boundaries of India and one such country is Dubai.

Dubai has been an international hub for physical trade of not only gold but also many other commodities and so the establishment of Dubai Gold & Commodities Exchange (DGCX) was the logical step for region and local economy.

Alankit Global Resources DMCC, a subsidiary company of Alankit Group was formed on 11th October 2005 for obtaining membership of DGCX for trading in Forex, Gold and other commodities and to carry on all such business as approved by Dubai Multi Commodities centre authority and other trade or business.

Alankit Dubai is professionally managed group led by team of experienced personnel with outstanding managerial acumen. This Dubai based Company offers all the services that it renders in India viz. offline and online trading in Equity, Future and option segments, Commodities, Currency Derivatives, Depository Participant, NSDL and CDSL, Debt market, PAN facilitation centre and umpteen numbers of financial related services and counseling.

The Company has obtained the Broker and clearing membership of DGCX and is entitled to trade on all market segments operated by DGCX either as principal or on behalf of clients and also to clear the own transactions as well as transactions of Trading Members of DGCX.

Also the Company can benefits its clients from clearing services available on over 65 global exchanges and electronic trading access to over 35 global exchanges. At Alankit, we are focused on strengthening our portfolio in Forex bullion, base metals, oil energy, sugar and other commodities.

The Company with its professional acumen and background will provide the clients with the rich opportunities in the commodity derivatives market thus enabling to accelerate the expansion of Commodity Business.
The Dubai branch is located at scenic and quaint Jumeirah Lakes Towers (JLT), with a view to cater a large society of people staying abroad.

Other functions carried on by the branch are:

Provides e-return intermediary service recently appointed as the service provider to Indian worker resource centre (IWRC) – a wing of the Indian embassy to address the various issues of Indians staying in the UAE. Offering the Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) scheme to its rightful customers through the vast experience gained over the years in the distribution of government products to common people.

The off –shore setup also ensures smooth functioning of various other vehicles such as PAN, NIR, e- Aadhar and insurance.