What is the purpose of GeM registration?
The process of registering on the Government e-Marketplace (GeM) platform is known as GeM registration. To facilitate procurement of goods and services by various government departments and organizations GeM an online platform launched by the Indian Government. To enable businesses to participate in government tenders and sell their products and services to the government is the purpose of GeM registration.
Businesses can showcase their products and services to government buyers, participate in e-bidding and reverse auction processes and receive online orders and payments by registering on GeM. As a result, enterprises may have easier access to the market and have a better chance of landing government contracts.
Additionally, GeM registration supports the government’s goal of promoting digital India and ease of doing business and aids in the efficiency, cost-effectiveness, and openness of government procurement procedures.
Seller Registration on GeM
Follow these steps to register as a seller on GeM (Government e-Marketplace):
- Go to https://gem.gov.in to access the GeM portal.
- On the homepage’s upper right corner, click the “Sign Up” button.
- From the drop-down menu, choose “Seller.”
- Click “Verify” after entering the necessary information, including your name, email address, and mobile number.
- Complete the remaining fields, such as firm name, PAN card number, and GST number, when your mobile number has been verified.
- Create a username and password for your account at that point.
- To complete your registration, click “Submit.”
You will receive an email with instructions on how to complete your seller profile and upload your products after completing your registration. It is necessary to copy that your registration will be subject to verification by the GeM team. You can start selling your products on the platform once your registration is approved.
Benefits of Registering as Seller on GeM
An online platform launched by the Government of India to facilitate procurement of goods and services by various government departments is GeM which stands for Government e-Marketplace. Registering on GeM can provide various advantages for sellers wishing to conduct business with the government, including:
• Access to a large customer base:
All government departments, organizations, and public sector initiatives are among GeM’s sizable clientele. You may connect with this consumer base, who might not be simple to reach through other channels, by registering on GeM.
• Transparency in transactions:
To help build trust between buyers and sellers all transactions on GeM are conducted in a transparent manner. All buyers and sellers comply with the relevant laws and regulations is ensured by this platform.
• Cost-effective:
No subscription fees or any other hidden charges as registering on GeM is free. Therefore doing business with the government becomes cost-effective.
• Easy to use:
Even for those who are not tech-savvy GeM is user-friendly and easy to navigate. To sellers manage their inventory, pricing, and other aspects of their business the platform offers various features.
• Timely payments:
To help improve cash flow and reduce financial stress GeM ensures that sellers receive their payments on time.
• Increased visibility:
To help sellers attract new customers and grow their business GeM provides sellers with increased visibility and exposure.
To do business with the government and take advantage of the many benefits offered by the platform registering on GeM can be an excellent way for sellers. Top of Form Bottom of Form
Documents of Seller Registration Process of Seller Registration on GeM (Government e-Marketplace)
The following paperwork is needed in order to register as a seller on GeM (Government e-Marketplace):
A mandatory document required for seller registration on GeM is Permanent Account Number (PAN) card. The PAN card must be in the name of the entity applying for registration or in the name of the seller.
For all sellers on GeM a Goods and Services Tax (GST) registration certificate is mandatory. The GST Registration Certificate must be in the name of the entity applying for registration or in the name of the seller.
• Bank Account Details:
Bank account details for payment purposes must be provided by the seller. The bank account must be in the name of the entity applying for registration or in the name of the seller.
The company registration certificate must be provided if the seller is a company. The Registrar of Companies should issue the certificate.
• Aadhaar Card:
For seller registration on GeM the Aadhaar card of the authorized signatory or the proprietor of the business must be provided.
For seller registration on GeM a DSC is required. Licensed certifying authority issues the DSC which should be Class II or Class III type.
• Letter of Authorization:
If the seller is an authorized dealer or distributor of a product a Letter of Authorization (LOA) is required. The LOA must be printed on the organization’s letterhead before being submitted.
• Power of Attorney:
If the authorized signatory is not the owner or proprietor of the business a Power of Attorney (POA) is required. The POA should be notarized and on stamp paper.
The trademark certificate must be provided for seller registration on GeM if the seller has a registered trademark.
The ISO certificate must be provided for seller registration on GeM if the seller has an ISO certification.
Note: Depending on the type of company and the goods or services the seller offers, several documents may be needed for seller registration. It is advised to check the GeM portal for the most recent seller registration documents.
Who is the primary user of GeM?
GeM, or the Government e-Marketplace, is an online marketplace for public procurement. The Government of India, comprising its different departments, ministries, and public sector enterprises (PSUs), is the main user of GeM. They utilise the platform to buy goods and services from authorised vendors. Vendors that sign up on the platform can also sell their goods and services to the government via GeM.
What is the procedure for GeM registration?
GeM, short for “Government e-Marketplace,” is a website that the Indian government developed to make it easier for different government agencies and organisations to purchase goods and services. The following are the procedures to becoming a seller on GeM:
- Click on the “Register” button on the GeM website (https://gem.gov.in/).
- When registering, choose “Seller” and enter your PAN number. Verify to continue by clicking.
- Enter your contact details, name, and other essential information.
- Describe your company in full, including your firm’s name, entity type, and line of business.
It will be verified by the GeM authorities once you have submitted the application. You may be asked to provide additional information or documents if required and therefore this process may take some time.
You will receive a GeM registration number and login credentials to access the platform once your application is approved
The registration procedure may differ based on the type of seller, such as a manufacturer, merchant, or service provider, and this should be noted. Additional conditions might also be necessary for sellers who want to engage in a particular category of goods or services.
What type of seller are exempted from uploading ITR on GeM Portal during registration?
The exemption from uploading Income Tax Return (ITR) during registration is available for the following types of sellers according to the GeM portal guidelines as of cutoff in 2021:
That have not exceeded a turnover of Rs. 2 crore in the previous financial year are Micro and Small Enterprises (MSEs).
The Department for Promotion of Industry and Internal Trade (DPIIT) recognized Startups and have not exceeded a turnover of Rs. 25 crore in the previous financial year.
To get updated information about exemptions from uploading ITR during registration it’s always advisable to check the latest guidelines on the GeM portal.
Conclusion
GeM registration can generally give businesses more exposure, access to government contracting opportunities, and a more efficient procurement procedure. Before selecting a choice, it’s crucial to thoroughly analyse the prerequisites and consequences of registering. GeM registration can streamline businesses’ procurement procedures and make doing business with the government simpler. The platform provides a clear and effective procurement procedure, which can assist businesses in cutting transaction costs. GeM offers businesses a platform to take part in government procurement opportunities and market their goods and services to prospective customers.