What is GeM registration?

What is the use of GeM registration?

GEM registration helps to authorize the manufacturer, small dealers and service providers to enter the wide and interactive online platform, where they can directly sell their products & services to various buyers from the government departments, organizations and PSUs.

Why GeM registration is required?

The Government E-Marketplace or GeM aims at disrupting the current system and introducing a clean and efficient mechanism for Government purchases. Hence, its important for all businesses to be registered on the Government E-Marketplace and make the Government a customer.

What is GeM and how it works?

GeM is a short form of one stop Government e-Market Place hosted by DGS&D where common user goods and services can be procured. GeM is dynamic, self sustaining and user friendly portal for making procurement by Government officers. … The portal was launched on 9th August 2016 by the Commerce & Industry Minister.

What is the fee for GeM registration?

Since there is no GeM Registration Fee, the sellers can be assured of the least expensive way to become part of GeM and start offering their services and products.

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Is ITR mandatory for GeM registration?

Verified ITR details are mandatory for participating in Bid/RA for all entities unless incorporated less than 24 months ago or exempted from filing ITR. ITR details are not mandatory if you do not want to participate in Bid/RA.

Who can be buyer on GeM?

According to the provisions of Rule 149 (ii) of GFR, 2017, GeM shall be utilized by Government buyers for direct on-line purchases above Rs. 25,000/‐ and up to Rs. 5,00,000/- however such purchase has to be through the Seller having the lowest price (L-1) amongst the available Sellers on the GeM.

Who can sell on GeM?

How to sell products on GeM login without Bid? Product & Services can be sold easily on the GeM online marketplace directly to government buyers, without any bid participation if the value of the product is less than INR 50,000/-.

What is caution money in GeM?

What is Caution Money? This caution money provision is being introduced for bringing discipline among sellers. All Sellers on GeM would be required to deposit a fixed amount with GeM as Caution Money deposit.

What is OEM in GeM?

After concerns on the authenticity of products being sold via the Government e-Marketplace (GeM) rose, the new Original Equipment Manufacturers (OEMs) will ensure vendor verification.

What services are provided on GeM?

6.1 Ambulance Service: Monthly and Short Term. 6.2 Facility Management Service: Outcome based and Manpower based. 6.3 Horticulture Service: Outcome based and Manpower based. Maintenance of Websites, Web Portals, Web Enabled Applications and Mobile Apps.

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Who is the owner of GeM?