Introduction

Government e-Market or GeM is an online platform where any business can list their products and services and deal with the government directly. In 2016, the government took strong initiatives to make corruption free and a transparent platform for both seller and buyer by launching the GeM portal. The main objective of this portal is to increase efficiency, speed in government purchasing and give better opportunities to the small business to enhance their market accessibility. The date of launching this portal to till now nearly 1,20,000 crore worth of transactions have been made and approx 40,000 products and approx 20,000 sellers are 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.

What is GeM Registration?

GeM Registration is a process where sellers or buyers register themselves on the GeM portal that is a procurement platform for Goods and Services for everyday use for government organizations. The GeM portal was introduced in 2016 by the Ministry of Commerce. On this online platform the government departments buy the required goods. This registration plays an important role for MSMEs, where they get an opportunity to sell their products and make massive income from the government side.

In a particular category whether it is the central government, state government, public undertaking (PSU) or other departments and agencies, purchasing through this GeM platform is mandatory.

Documents required GeM Registration

The complete documents for the GeM Registration is as listed below:

• PAN Card (Business/ Proprietor)
• Aadhaar Card
• Address Proof
• Passport size photos
• GST Registration
• Bank Account Details
• Business Registration Proof ( ex- COI, Partnership deed, Proprietor’s ID or LLP Agreement)
• Udhayam Registration certificate (for MSME)
• NSIC Registration (for MSME) - (if applicable)
• DPIIT Recognition Certificate (for Startups)
• Startup India Registration Certificate (for Startups)
• ISO/BIS Certificate (for OEMs) - (if applicable)
• Manufacturing License or Proof of Manufacturing Facility (for OEMs)

Stepwise process for GeM Registration

Stepwise process for GeM Registration is as follow:

• Step 1: Visit the official GeM portal - gem.gov.in then click on “Sign Up” and choose “Buyer” if you intend to be a buyer or “Seller” with the intent to sell goods or services here.
• Step 2: After selecting your selection, choose your entity type (ex - Partnership, Company, Proprietorship, etc) and enter your Aadhaar or PAN details. Then an OTP will come on your mail or number for the verification.
• Step 3: Fill your business information including the business name, contact details, address, PAN, MSMEs and other relevant details ( The complete Document list mentioned above). And also attach the copy of the business registration certificate for the validation.
• Step 4: After completing above details or verification add the details of the goods or services which are going to be offered on GeM.
• Step 5: Give you bank details such as IFSC Code, account number and bank name and also upload a copy of a canceled cheque for the verification process. For receiving payment by the GeM portal, link your business bank account.
• Step 6: Verify all uploaded business details and payment details once for an appropriate submission then click on submit button.
• Step 7: After submitting the application, the department verifies the documents and the provided details and if the department finds any mistakes or errors and they want other additional documents they will notify you accordingly.
• Step 8: Once the department verified, your 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.

Fees for GeM Registration

There are no government fees for GeM Registration but the professional fees may vary according to their expertise and experiences. But a security amount has to be submitted after the registration. This amount is according to the seller turnover. The list is as mentioned below:

Note: This deposit cost will be refunded by the department in case of business closure.

Benefits for GeM Registration

There are several benefits for GeM Registration such as -

• Direct Access with Government Agencies: By this GeM registration, the seller may connect directly with government agencies and departments which helps to reduce intermediary cost.
• Transparency: All the transactions and the process on this portal are transparent, with payment tracking and automated approvals.
• One Stop Solution: GeM portal provides a complete procurement solution in a single platform that allows sellers to showcase their goods and services without any hussle.
• No Corruption: Before 2016, all the government tenders or essential products requirements were done through the offline platforms that lead to huge corruptions by intermediate persons. Now, by this GeM portal all the transactions and bids procedure done at a single place helps to reduce corruption.
• Same perks as Commercial Online Portals: The features GeM offers are similar to those offered by other online marketplaces, including order tracking, rating, and feedback.
• Dynamic Pricing: Here, the seller can make their price fix according to the market demand and conditions. This aids to make the market more flexible and comparative.
• Has a seller Friendly Dashboard: The Dashboard of this portal is very easy to navigate that helps the sellers to handle and manage the tenders/orders and payments with ease.

Why Choose Bizfoc for GeM Registration?

There are many reasons that make your Bizfoc choice for GeM Registration worthy. Such as -

• Expert Guidance: Our team of experienced Chartered Accountants will assist you with the GeM registration process, ensuring that you navigate complexity with ease.
• Customized Solutions: Whether you're a startup, MSME, OEM, or service provider, Bizfoc tailors its services to your specific business needs.
• Transparent Process: Transparency is a main priority for Bizfoc, which assures that clients are aware of all costs, deadlines, and needs.

Conclusion

Through GeM Registration, businesses can engage in government procurement, offering a transparent, efficient, and growth-oriented environment. With GeM, sellers, OEMs, MSMEs, startups, and service providers are able to sell directly to various government departments. Even though the process is thorough, it provides numerous advantages, including greater market visibility, faster payments, and reduced paperwork. Make your registration process simpler by working with an expert team like Bizfoc, which guarantees a seamless and legal registration procedure that optimizes GeM's advantages.

Frequently Asked Questions