GEM Registration For As Low As Rs.
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The Government e-Marketplace (GeM) is a government-run e-commerce portal to facilitate and enable easy online acquisition of the Consumer Goods & Services that are needed by various Organizations, Government Departments and PSUs.
The government under the Allocation of Business Rules, 1961 had started the GeM in 2017. The main purpose of the GeM is to assure clarity, productivity, and promptness in the obtainment of supplies.
To register for Gem with expert help and guidance contact with Legalstartup.in
Benefits of Sellers on GEM Registration
Support in trade : All Government agencies including Central, State Government, and PSUs have to fulfill their purchase conditions only through sellers listed under the GeM portal. GeM listing has a great avenue for private corporations’ business growth.
Direct Government Procurement : Traders can sell their products of value up to Rs.50,000/- at reasonable prices direct to the government buyers.
Special Benefits for Startups : There is an opportunity for GeM registration as a startup on the GeM portal having diverse and innovative results. The government has informal norms to procure goods from new Startup participants.
Less paperwork : There is the least paperwork required to obtain GeM registration. Moreover, there is an accessible, easy and clear process for tender allotting under the GeM portal.
Transparency : With the online GeM portal- transparency, effectiveness, and speed have been enhanced during the procurement of required goods and services.
GEM Registration Online Process
Visit the online GeM portal and log on to it.
The web portal will ask your business details. Fill all the necessary business details and information to the web portal.
Now, you need to take suggestions from the business advisor about the process of GeM Registration Online.
After all the details are filled, the professionals will check all the necessary details, documents and information for verifying them.
Once the details are submitted, the application of GeM Registration will be filed.
After submitting the application, you will receive a call from the agencies
working under the authorization of government. This call will be
regarding the inspection of the office premises, whether it is valid for
GeM Registration. Lastly, when the inspection is done effectively, you
will be eligible for selling goods and services on the GeM portal.
Benefits of Government buyers on GEM Registration
Buy Online : Under the GeM portal, Government officials can search and procure almost all goods & services on the GeM portal and can enjoy Flipkart & amazon like online buying experience.
Transparency : On the GeM portal, there is much clarity, effectiveness, and activity in the acquisition of stocks which means that there’s fair trade.
Demand aggregation : The demand aggregation feature further helps government departments to explore and compare more buyers for procuring the desired goods based on the lowest price and product specification.
Less Approval : With initial and subsequent users facility under buyer GeM enrollment, government officials do not need approval every time placing an order from the GeM portal.
5 TYPES OF GOVERNMENT TENDERS ON GEM?
Advertised Tender Enquiry
The government advertises specifications on GeM portal and Central Public Procurement Portal (CPPP) for the acquisition of goods and services. And give Note to sellers to apply tenders.
This method used by government institutions when the acquisition of goods and services of the value of INR. 25 lakhs and above.
Limited Tender Enquiry
This method is applied when any goods and services regularly secured by government departments such as paper, printer cartridge filler, water supply, etc.
Under limited tender inquiries, limited suppliers are impaneled by the Government Department.
Usually, Limited Tender Enquiry is used when the expected value of the goods and help to be procured is less than INR 25 Lac.
This is a conventional method used to procure high-value items such as buying plants and machines etc. and when any acquisition requires to assess complex and technical terms.
Under Two-Stage Bidding, tender is allocated to a supplier based on strongly passing below 2 stages:
* Technical Assessment,
* Financial L1 (Lowest Price) Bid
Single Tender Enquiry
This approach adopted when the availability of wanted goods and services limited in the open market or suppliers is very limited.
This method is very useful for startups having unique and innovative products. In order to enable startups, the government has also launched a special scheme “Startup Runway” for getting unique and innovative products directly from startups.
There can be several factors such as
* Only a single supplier is available to the best of the knowledge of the management department’s officials.
* When the acquisition of goods is urgent and necessary to purchase from a particular known source.
* When specific additional machines or spare parts required which is only harmonious with existing procured machinery.
Electronic Reverse Auctions
Auction is what when you give a higher bid to buy the auctioneered item. Under Reverse auction, you bid a more economical price to sell your product.
An Electronic Reverse Auction is a type of online auction available. Under electronic reverse auction, there is one customer (government department) and many potential traders (private companies). The sellers give lower bid to obtain business from the buyer and bid will typically lower as the sellers negotiate each other.
In order to obtain GeM Registration you must have following below documents ready:
Income Tax Return
Registration Certificate of business entity
Once you have all of the above documents, our professionals can help you register under the GeM portal.
In India, public procurement (government tenders) now done through a transparent platform of e-commerce portal known as GeM.
To sell your products and services, you must get GeM registration in the name of your business entity.
It is mandatory for all Government Ministries, Departments of the Central Government, and Autonomous & Statutory Bodies to publish their tender inquiries and details of requirement on Government e Marketplace gem(dot)gov(dot)inbefore buying anything. You may visit the GeM website from time to time to get access to all the tenders requirement across India.
- Income Tax Return
- Business Registration Certificate
The purpose of getting a GeM registration is to ensure a smooth and effective procurement process for government offices requirement. Increase the transparency between private sellers and government buyers.
Government eMarketplace Guide[How to sell products on GeM Portal]
Government eMarketplace Guide [How to sell products on GeM Portal]
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