Government e-marketplace (GEM Registration) is an internet platform for public procurement added through the Commerce and Industry Minister on 9th August 2016, under Allocation of Business Rules, 1961. The Government of India (GOI) under Make in India has made it obligatory for all of its departments to supply items and services from its e-market. The Government of India added this portal to acquire shops. One can sell his merchandise to Government Departments and additionally purchase products on Government E-marketplace (GEM) portal. It is obligatory for Government Offices to buy shares from this GEM Portal. Only such persons who’ve received the GEM Registration can promote or buy on GEM Portal. There are forms of GEM Registrations, one for consumers and another for dealers. The objective at the back of GEM is to assure effectiveness, transparency, and swiftness in shopping resources of products and offerings.
It is a completely paperless, cashless, and technology-plus gadget-pushed e-marketplace that enables procurement of commonplace use of goods and services with minimum human interface. It has various functions inclusive of:
- It brings transparency
- It enhances efficiency
- It is secure and secure
- It has the potential to assist Make in India
- Savings to the Government
Government E-Marketplace (GEM)
The GEM, Government E-Marketplace, is an e-trade portal under the Government of India. It is a web platform for sellers and Government consumers to facilitate the procurement of goods and services required by means of numerous departments or companies of Government and Public Sector Undertakings (PSUs).
Facilities of GEM
The following are facilities of the GEM Portal:
- Listing of merchandise for men or women categories of products or offerings of common use
- Market vicinity shopping for the majority of common user gadgets
- Look, estimate, compare, and shop for facilities on a dynamic pricing foundation
- Buying or selling goods and services online in keeping with the requirement
- Single window machine for growing or aggregating needs and ordering
- Useful for low-fee shopping in addition to bulk buying at an aggressive rate the use of opposite auction or e-bidding.
- supplier score system
- User-pleasant dashboard for tracking resources, payment, and shopping for or promoting
- Return Policy
Pre-specifications for GEM Registration
The pre-specifications for GEM Registration are as follows:
- Name of Organisation/department
- Type of Organisation/department
- Email ID of Authorised Person
- Mobile Number of Authorised Person
- Aadhar Number and PAN Number of Authorised Person
- GST Number
- Filled Income Tax Return for three Last Years
Benefits of GEM Registration
The blessings of acquiring Registration on the GEM Portal are as follows:
Benefits for Buyers
- A list of products for men or women classes of products or offerings with gives
- Availability of numerous centers, along with seek, evaluate, pick out and buy.
- Enables shopping online according to one’s very own requirement, i.e., as and whilst required.
- Transparency and simplicity in shopping for
- It ensures a continuous supplier score machine
- Up-to-date, person-friendly dashboard for monitoring substances, buying, and making payments.
- Provisions of a clean go-back policy.
Benefits for Sellers
- Direct access to all departments of Government.
- One-forestall-keep for advertising with minimum efforts.
- One-stop-store for bids or an opposite auction on services or products
- New product suggestions facility to be had for sellers
- Dynamic pricing, i.e., fee modifications based on market situations
- Seller-pleasant dashboard for tracking materials, promotions, and bills.
- Uniform and consistent buy techniques.
Documents for GEM Registration
The documents required for GEM Registration are as follows:
- PAN Card and Aadhar Card
- GST Certification
- Email ID and Mobile Number
- Details of Bank Account
- Income Tax Return (ITR) for the closing three years
- MSME Certificate (if required)
- Other documents, if required, inclusive of pix, a listing of merchandise, etc.
Procedure for GEM Registration
The GEM Registration technique is as follows:
Step 1: Visit the GEM portal Visit the GEM portal at https://gem.gov.in/ and click on the “Register” button located at the top right corner of the homepage.
Step 2: Choose your account type Choose the appropriate account type that suits your business requirements. There are four account types available on the GEM portal – Buyer, Seller, Service Provider, and Bidder.
Step 3: Provide your basic information Provide your basic information such as name, email ID, phone number, and password. Click on the “Register” button to create your account.
Step 4: Complete your profile Once your account is created, complete your profile by providing your business details such as PAN, GSTIN, bank account details, and other relevant information.
Step 5: Get your documents verified Upload the necessary documents such as PAN, GSTIN, bank account details, and other relevant certificates on the GEM portal. The documents will be verified by the concerned authorities.
Step 6: Complete the KYC process Complete the KYC (Know Your Customer) process by submitting the necessary documents such as an Aadhaar card, passport, driving license, etc. to verify your identity.
Step 7: Activate your account Once your documents and KYC are verified, your account will be activated, and you will be able to access the GEM portal. You can start bidding for tenders or showcasing your products and services on the portal.