GEM Portal Registration in india
GEM Portal Registration by 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 mandatory for all of its departments to source goods and services from its e-marketplace.
The Government of India introduced this portal to acquire stores. One can sell his products to Government Departments and also buy products on Government E-marketplace (GEM) portal. It is mandatory for Government Offices to buy stocks from this GEM Portal. Only such persons who have obtained the GEM Registration can sell or buy on GEM Portal. There are two types of GEM Registrations, one for buyers and another for sellers. The objective behind GEM is to guarantee effectiveness, transparency, and swiftness in procuring supplies of goods and services.
Government E-Marketplace (GEM)
The GEM, Government E-Marketplace, is an e-commerce portal under the Government of India. It is an online platform for sellers and Government buyers to facilitate the procurement of goods and services required by various departments or organisations of Government and Public Sector Undertakings (PSUs)
Facilities of GEM
The following are facilities of the GEM Portal:
- Listing of products for individual categories of goods or services of common use
- Market place buying majority of common user items
- Look, estimate, compare and buying facility on a dynamic pricing basis
- Buying or selling goods and services online as per requirement
- Single window system for increasing or aggregating demands and ordering
- Useful for low-value buying as well as bulk buying at a competitive price using reverse auction or e-bidding.
Pre-requisites for GEM Registration
The pre-requisites 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 3 Last Years
Benefits of GEM Registration
The benefits of obtaining Registration at the GEM Portal are as follows:
Benefits for Buyers
- List of products for individual categories of goods or services with offers
- Availability of various facilities, such as search, compare, select and buy.
- Enables buying online as per one’s own requirement, i.e., as and when required.
- Transparency and ease in buying
- It ensures a continuous vendor rating system
- Up-to-date, user-friendly dashboard for monitoring supplies, buying and making payments.
- Provisions of an easy return policy.
Benefits for Sellers
- Direct access to all departments of Government.
- One-stop-shop for marketing with minimal efforts.
- One-stop-shop for bids or a reverse auction on products or services
- New product suggestions facility available for sellers
- Dynamic pricing, i.e., price changes based on market conditions
- Seller-friendly dashboard for monitoring supplies, selling and payments.
- Uniform and consistent purchase procedures.
