Gem Registration: Process, Fee & Documents
The Government e-Marketplace or GeM for short, is an online marketplace through which government ministries can source products and services from qualified suppliers and sellers which encompassing MSMEs and other relevant bodies. The Gem portal facilitates procurement in the public sector by enabling contracting authorities to buy what they need, be it products or services and information whilst at the same time promoting efficiency, integrity, and fairness in the transaction.
GeM is thus very important for the purpose of enhancing the procurement process, cutting the bureaucratic procedures and providing convenience to the sellers as well as to the government organizations. Through GeM registration, the various MSMEs are provided with an opportunity to compete for the government tenders and thus directly increase their geographical portfoliomanufacturing industries and provide them equal opportunity to participate in public procurement.
Small scale businesses should register on GeM since it provides the foundation to access public procurement and to grow businesses while enabling them to be actively involved in projects which are central to delivery of government services. Not only does this increase their publicity but it also ensures that they are on the same side of par with the government’s drive to create a more friendly procurement environment for the local firms.
● What is Gem Registration?
Gem is also known as the Government E-Marketplace. It's a process that helps you connect your business with the government's e-marketplace. Gem is an online platform of the Indian Government that helps in the purchasing and selling of Products and services by government organizations
● Process of Gem Registration for Sellers:-
There are a total six steps for Gem Registration for Sellers given below:-
1. Create a Seller Account on Gem:- The primary step of seller registration on the GeM portal is account creation. Registration on GeM should be done only by an Authorized Person (Director of the Organization or a Key Person/ Proprietor). Sellers can sign up on GeM through the Aadhaar or PAN Card of Key person of the organization.
2. Update the organization Profile:- Company Profile is divided into 4 main sections, which are mandatory to complete - PAN Validation, Company Details, Offi ce Location and Bank Account. There are 3 other optional sections also - MSE, Startup and Tax Assessment. After updating the profi le, caution money payment has to be made according to the turnover.
3. Vendor Assessment on Gem:- After the caution money payment, sellers must apply for Vendor Assessment on GeM to get the OEM certifi cate. GeM Vendor Assessment is mandatory for sellers who want to participate in the public procurement of Q1 and Q2 categories of products. Manufacturers must become OEMs irrespective of the category
of products they want to sell on the GeM Portal. Vendor Assessment for GeM is carried out by the Rail India Technical and Economic Service (RITES).
4. Brand Listing:- After becoming an OEM on GeM, vendors can list their brands in the relevant category of products and services. Vendors can list their brands whether trademark registered, the brand owner but trademark not registered or unbranded products.
5. Product Listing:- After brand listing, the dealers, manufacturers, and service providers have to list their products & services on the GeM portal. This process is called Product Listing on Government e-Marketplace. The products and services of the sellers/vendors will go live on the GeM website after the GeM Authority approves the listing.
6. Bid Participation and Appointment of Resellers:- After listing products and services, sellers can participate in bids and accept orders on GeM. OEMs can appoint or authorize resellers to list their products and services after getting approval.
● Fee of Gem Registration
There are given Below Fee of Gem Registration:-
GeM registration is absolutely free of cost on the Government portal. However, a nominal professional service fee of ₹1,000 is applicable if you choose assistance for documentation and registration support.
Caution money deposite Fee Seller Turnover less than 1 Crore ₹ 5,000/- Seller Turnover in between 1 Crore and 10 Crores ₹ 10,000/- Seller Turnover more than 10 Crores ₹ 25,000/-
Note: The aforementioned Fees is exclusive of GST.
● Documents for Gem Registration in India
To ensure a smooth registration process, sellers must prepare and submit a set of essential documents that validate their business credentials." The following documents are required for GeM registration:
1. PAN Card of the business entity.
2. Udyog Aadhaar or MSME Certificate.
3. GST Registration Certificate.
4. Copy of a canceled cheque (for bank details).
5. Aadhaar Card of the authorized signatory.
6. Incorporation Certificate (for companies).
7. Partnership Deed (for partnerships).
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