Updated on November 09, 2024 03:29:55 PM
GeM stands for Government e-Marketplace which is an online B2G marketplace that provides sellers from MSME to government buyers or vice versa. Through the Gem portal, procurement by government organisations and agencies is made easier because the necessary goods and services can be bought in an efficient and more accountable manner.
Thus, Government e-Marketplace (GeM) is to sponsor procurement by making it less bureaucratic and arising various problems on the way, along with providing the user-friendly environment for sellers and government entities. With GeM registration, MSMEs receive a greater platform to bargain for its contract with the government apart from enhancing the total size of the marketplace.
GeM registration is compulsory for every small business since it connects them to the large market of public procurement opportunities and enables them to grow while including themselves into important projects related to governmental functions. This not only increases their profile but also supports the government to make procurement more friendly to local suppliers.
GeM Registration for
GeM registration is mandatory for vendors interested in selling their products and services to government bodies through public procurement policy. After registering on GeM, sellers must apply for vendor assessment for the brand and product listing on the portal.
GeM categorised vendors into authorised sellers as original equipment manufacturers (OEMs).
Seller registration on GeM
Original equipment manufacturer (OEM) status is necessary for manufacturers selling their goods and services to the Government. All vendors must obtain OEM status through vendor assessment before moving on to the subsequent steps to participate in bidding for procurement on GeM.
These are the following benefits of registering your business with GeM:
The following document is required to register your business online on the GeM portal.
The seller should first register for an account on the GeM portal. The only person authorised to register an entity on GeM is the person designated as the entity's administrator.The seller should first register for an account on the GeM portal. The only person authorised to register an entity on GeM is the person designated as the entity's administrator.
The seller can register on GeM using the Aadhar number of a qualified individual or the company director.
Applicants must provide complete information about their businesses in addition to all documentation that may be requested, such as proof of address and PAN details.
Applicants must apply for vendor assessment on GeM to get OEM (original equipment manufacturer) certificate. The vendor assessment process is mandatory for all the sellers and deemed OEMs to participate in public procurement. Vendor assessment is carried out by the Rail India Technical and Economic Service (RITES).
Once the OEM certificate is issued, applicants can list their brands in their respective categories and services.
Once brands are listed, sellers must list their products and service as per their categories once the branding of products and services are approved. These products and services will go live on the Government e-Marketplace (GeM) portal for buyers.
After the product listing, brands can participate in the auction and accept orders on GeM from buyers. After getting approval from authorities, they can appoint resellers for their products and services.
The GeM registration fees vary based on the seller's annual turnover.
| Annual Turnover | Vendor assessment Fee inclusive of GST |
|---|---|
| Up to 20 lakhs | ₹ 871.61 |
| From 20lakh - 1Cr | ₹ 1743.22 |
| More than 1 Cr | ₹ 3486.44 |
| Caution Money Deposit | Fees |
|---|---|
| Seller Turnover less than 1 Crore | Rs 5,000/- |
| Seller Turnover in between 1 Crore and 10 Crores | Rs 10,000/- |
| Seller Turnover more than 10 Crores | Rs 25,000/- |
Note: The aforementioned Fees is exclusive of GST.
The expert team at Professional Utilities can help you get GeM portal registration for your MSME in quick, simple steps.
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get Your OEM status in 10-25 days
Government PSUs and other businesses purchase most items and services via the GeM portal. To get these commodities, central and state agencies must follow guidelines and a transparent bidding process.
Grow Your Business On GeM Portal
Sell your products and services to government buyers by becoming an Original Equipment Manufacturer (OEM) on GeM
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The Government has issued circular number No. P-45021/2/2017-PP (BE-II) indicating the preferences for Make in India or MII-certified OEMs for GeM public procurement. This means those possessing the Make in India certification are given priority during the L1 Bidding phase of the bids.
The registration of GeM provides the firms with a rare opportunity to create a Mark in the Central as well as the State procurements. Therefore, the company receives the GeM registration certificate, which grants it the right and an opportunity to provide products and services for state officials and receive a constant payment for the products and services rendered through the GeM portal. Thus, the GeM portal is the platform for the MSMEs to transform and escalate the business as per the compatibility of the concept named ‘Make in India’.
One of the realistic service delivery models that is quite practical is in collaboration with the Professional Utilities to undertake the registration and the assessment in connection to creation of accounts for OEMs. Through auctions, bidding and becoming involved in long-term value-added government projects through GeM platform, the businesses shall stand to benefit from an upward swing of positive change. Regardless if it is a new GES in India or an old one, if one wants his or her opportunity to vendor and transact with the Indian government, the registration at the GeM portal is beneficial.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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All MSMEs are eligible to apply for GeM portal registration to obtain OEM status and participate in public procurement.
GeM is an E-marketplace portal for sellers and buyers to enlist their products and services, which can be procured through public procurement by central and state governments.
The central and state Government does the majority of procurement through GeM; however, private buyers also can enlist themselves to buy goods via GeM guidelines.
The variation in retail price and GeM Price of a product could be due to under mentioned factors:
Buyers can request for change in the existing category from Request Management available in their Dashboard. All such requests would be evaluated by GeM.
OEM stands for original equipment manufacture, all the sellers and manufacturers who register themselves with GeM are required to get OEM status to participate in the bidding process to sell their products and services.
you can get your GeM registration done in quick, simple steps with professional Utilities.
GeM registration fee in kolkata varies based on the turnover of registered sellers. Additionally, the cost of vendor assessment is also required to pay by the seller to get registered on the GeM portal.
| Annual Turnover | Vendor assessment Fee inclusive of GST |
|---|---|
| Up to 20 lakhs | ₹ 871.61 |
| From 20lakh - 1Cr | ₹ 1743.22 |
| More than 1 Cr | ₹ 3486.44 |
| Caution Money Deposit | Fees |
|---|---|
| Seller Turnover less than 1 Crore | Rs 5,000/- |
| Seller Turnover in between 1 Crore and 10 Crores | Rs 10,000/- |
| Seller Turnover more than 10 Crores | Rs 25,000/- |
Original Equipment Manufacturers are termed as OEM in GeM portal. These OEMs are basically divided into four categories under GeM:
Both resellers as well as manufacturers are authorized to register on the GeM portal. Manufacturers have the authority to manage their resellers. In order to register as a reseller or trader, an authorization code as well as a letter is required from manufacturers to sell the product on the GeM portal.
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