GeM is an online platform where any business can showcase or list their goods and services and directly connect with the government. The primary objective of this portal is to develop efficiency, speed in government buying and provide better opportunities for the small business to enhance their market accessibility. From the portal launch date to till present approx 1,20,000 crore of transactions have been done and nearly 40,000 and 20,000 sellers have been registered here.
Especially for the MSMEs, GeM offers unique benefits and the opportunity to compete with many market sharks by contributing significantly to the government’s “Atamnibhar Bharat” mission. In this article we will get the complete understanding over the GeM Registration including its documents list, stepwise process, fees list and benefits.
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GeM is an online platform where any business can showcase or list their goods and services and directly connect with the government. The primary objective of this portal is to develop efficiency, speed in government buying and provide better opportunities for the small business to enhance their market accessibility. From the portal launch date to till present approx 1,20,000 crore of transactions have been done and nearly 40,000 and 20,000 sellers have been registered here.
Especially for the MSMEs, GeM offers unique benefits and the opportunity to compete with many market sharks by contributing significantly to the government’s “Atamnibhar Bharat” mission. In this article we will get the complete understanding over the GeM Registration including its documents list, stepwise process, fees list and benefits.
GeM stands for “Government e-Marketplace” which was introduced in 2016 by the Ministry of Commerce. In GeM Registration, sellers and buyers are registering themselves on a procurement platform for Goods and Services used by government organizations. At this platform the government department purchases the required goods from the vendors who have registered with the GeM. This registration plays a crucial role for small businesses or MSMEs, where they can get opportunities to deal with the government directly and make impressive income. For central government, state governments, public undertakings (PSU), and other departments and agencies, the GeM platform is mandatory.
The complete documents for the GeM Registration is as listed below:
For GeM Registration, you need to follow these steps:
Step 1
Visit the GeM Portal
The first step for GeM Registration is to visit the GeM official portal by clicking this link - gem.gov.in . Once you land on this page, click on “Sign Up” and select “Buyer” or “Seller” as according to your plan or need. For example - if you are a vendor who wants to sell their products they will click on “Seller” and if you are a buyer who wants goods via GeM, go with “Buyer”.
Step 2
Upload Details and Documents
Once you are done with the selection, you need to select your business type such as Partnership, Proprietorship and more. After this you need to enter your PAN and Aadhar details then an OTP will come on your number or mail for the verification purpose. When you are done with the OTP verification, you need to fill and upload your business details and documents. (The complete list of documents mentioned above).
Step 3
Details of Goods and Service
After completing the documentation, the applicant needs to add their goods and service details which they have been offered on the GeM portal. You need to add your bank account including its IFSC Code, Name and copy of canceled cheque for the verification process.
Step 4
Verification Process
Once you upload all your details and documents then click on the Submit button. After successful application submission, it will goes for verification if the department finds any mistake or errors and they want other additional documents they will notify you accordingly.
Step 5
Activated GeM Account
After the verification process is done, the GeM account will be activated. Then you can login into the GeM portal and may start listing your business and get orders or government tenders.
For GeM Registration, you don’t need to pay any government fees but the professional charges may vary. Once the registration has been completed, a security amount needs to be submitted. This amount is according to the seller turnover. The list is as mentioned below:
| Seller Turnover | Deposits |
|---|---|
| Less than 1 crore | ₹5,000/- |
| Between 1 crore to 10 crore | ₹10,000/- |
| More than 10 crore | ₹25,000/- |
Note: This deposit cost will be refunded by the department in case of business closure.
The GeM Registration have many benefits such as -
RegisterAdda is a team of experienced Chartered Accountants who will assist you with the expert guidance starting to end including registration to list products. No matter you are a startup, OEM, MSMEs and service provider RegisterAdda offers you a tailor solution for GeM. Transparency is a main priority for Bizfoc, which assures that clients are aware of all costs, deadlines, and needs.
Is GST Compulsory for the GeM Registration?
Yes, the GSTIN is Compulsory for the GeM Registration. But in some exceptional cases such as Individuals or certain government entities may be allowed to register without the GST.
Is GeM Registration Mandatory?
No, GeM Registration is not Mandatory its completely depends on the seller if they want to register on the GeM portal or not.
Is GeM registration free of cost?
Yes, there is no government cost for GeM Registration but the professional fees may vary according to their expertise and experiences.
Can MSME’s register on GeM?
Yes, MSME (Micro, Small and Medium Enterprises) may register on GeM and can get several opportunities to earn massive amounts and experience to work with the government directly.
Is EMD required in GeM?
Yes, EMD (Earnest Money Deposit) is required for participating in bids on GeM.
Who is exempted from the Vendor assessment on GeM?
Vendors who hold specific certification such as BIS, ISO or equivalent are exempted from the Vendor assessment if their credential meets the predefined standard. In some specific seniors the MSMEs and startups may also be exempted from the assessment.
What is RITES?
The RITES (Rail India Technical and Economic Service) is an accredited agency conducting the vendor assessment on GeM to ensure that only authentic and qualified vendors may engage in government procurement.
Is EMD required in GeM?
Yes, EMD (Earnest Money Deposit) is required for participating in bids on GeM.
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