GEM Registration for Seller | Registration Process | Government E-Marketplace | Corpbiz
The term #GeM stands for Government e Marketplace. It is a web-based platform for public procurement in India. It was introduced by the Ministry of Commerce and Industry, Government of India on August 9, 2016. GeM aims at improving efficacy and transparency in the public procurement of Goods and Services for Government agencies and companies.
The Finance ministry is already clarified that all the Government buyers are mandated to procure resources from this portal itself. The provisions for the same has been stated in a new rule no. 149 in the general financial rules, 2017
The GeM is web-based portal that serves government agencies and departments at large. It means that only government-based agencies are allowed to make purchase from this platform. But the good news is that any seller can be a part of this platform. That means no government status is required to become a seller on this portal.
Presently, GeM offers two types of registration i.e. Buyer Registration and Seller Registration
The Seller Registration on GeM
All those sellers who wish to sell their offering or services to the government agencies have to first register themselves on this portal as a seller. There are two categories of sellers on this portal, one is authorized seller and the other is OEMs.
OEMs have gained immense popularity lately since the advent of GeM portal. The term #OEM refers to Original Equipment Manufacturers which makes systems or components for other entities serving the same area of interest.
However, this is not a standard description of an OEM. In general, OEM can be a
However, this is not a standard description of an OEM. In general, OEM can be a
• Manufacturers
• Brand owners & Third Party manufacturing
• Importer & Authorised Sellers
• Service Provider
• Assemblers
The Potential benefits offered by GeM to the registered sellers in India
• Access to standardized market
• Security against delayed payment
• Ensures minimal marketing budgets
• Availability of flexible pricing based on market conditions
• Have Multi-Lingual Support Desk
Know some key fact regarding the Process of Seller Registration on GeM (Government e-Marketplace)
• #RegistrationProcessonGeM is completely online. Since GeM is a web-based portal for both seller and buyer, the registration and documents are also different for both of them. Presently, there are two type of account on the GEM i.e. primary seller and secondary seller. These accounts can be created on the Seller account. Keep in mind that there will be always one primary seller or service provider for a company. These entities will by default have all privileges assigned to it.
• Only Primary Seller or Service Provider would have the leverage to create Secondary Seller and/or Service Providers
• There can be multiple Secondary Sellers or service provide for a single entity. Secondary seller’s undertakings are subjected to assigned role/privilege
• There is no legal mandate for creating a secondary seller account as it entirely depends on the company’s requirement.
The registration process by rendering and validating information such as
• PAN or Aadhaar Number,
• Company Information,
• Office location,
• GST (Mandatory),
• Bank Account,
• E-voicing criteria,
• MSME Registration (Optional),
• ITR (For Bid Participation),
• Startup (Yes/No),
• DoE Order Compliance
Next, Create a Bank Account that will be linked to GeM portal. During this process, you will be prompted to submit certain amount of deposit as a security. The charges for security deposit vary as per the seller’s turnover
Finaly, list your offerings i.e. products and services on the portal. There are options to either add a new category for your offering in the existing category if they exist or insert a new new category for your product/service as well. For the rest, you are ready for selling your offering on GeM.
Phone:- 9121230280
Email:- [email protected]
Want to know more about #Corpbiz?
Subscribe to our Corpbiz channel to get the latest updates, tips, and help. https://bit.ly/3w7AFJ5
Website: https://corpbiz.io
Facebook: / corpbizhq
Twitter: / corpbizhq
Instagram: / corpbizhq
LinkedIn: / corpbizhq