Introduction to GEM Registration
The Commerce and Industry Minister launched the government e-marketplace (GEM Registration) on August 9, 2016, in accordance with the Allocation of Business Rules, 1961. Under the Make in India initiative, the Government of India (GOI) has mandated that all of its departments purchase goods and services through its online marketplace. This platform was established by the Indian government for acquiring stores. On the Government E-marketplace (GEM) portal, one can both buy and sell goods to government departments.
Government offices are required to purchase equities from this GEM portal. Only those who have earned GEM Registration are eligible to sell or buy on the GEM Portal. GEM Registrations are of two types: one for buyers and one for sellers.
It is a completely digital, cashless, technology-driven e-market that makes it possible to purchase everyday goods and services with the least possible user interaction.
It has several features, including:
Government E-Marketplace (GEM)
Government E-Marketplace, or GEM, is an e-commerce portal operated by the Government of India. It is an online marketplace that connects suppliers and government customers, making it easier for departments of government and Public Sector Undertakings (PSUs) to acquire the goods and services they required.
Advantages of GEM Registration
The following are the advantages of registering at the GEM Portal:
Buyer Advantages:
(1) List of items with offers for specific categories of goods or services.
(2) There are multiple functions available, such as search, compare, select, and buy.
(3) Allows for purchasing online as and when needed.
(4) Transparency and convenient when buying.
(5) It ensures an ongoing vendor rating system.
(6) An advanced, easy to operate interface for observing supplies, purchasing, and making payments.
(7) Provisions for a simple return policy.
Seller Advantages:
(1) All government departments are easily accessible.
(2) A one-stop shop for marketing that requires relatively little effort.
(3) Sellers have access to a new product suggestion service.
(4) Dynamic pricing i.e., depending on market circumstances, prices can change.
(5) An easy-to-use dashboard for seller for tracking sales, purchases, and payments.
Documents for GEM Registration
The following documents are required for GEM Registration:
- (1) Name of Company/Department
- (2) Type of Company/Department
- (3) Aadhar and PAN Number of Authorized Person
- (4) GST Certification
- (5) Email ID and Mobile Number
- (6) Details of Bank Account
- (7) Income Tax Return (ITR) for the last 3 years
- (8) MSME Certificate
- (9) Also if required, additional papers like photographs, a list of the products, etc.
How can Certpedia help you in obtaining the GEM Certificate?
Certpedia aims to provide professional GEM certification services. We will cooperate with you to make sure that your items comply with all essential criteria because we recognize how important it is to do so. Our experts have years of expertise and experience in evaluating items and making sure they conform to the requirements necessary for certification.