GEM Registration

One fifth of GDP is created when PSUs, central government, state governments purchase commodities and services.

In 2020, the government decld that the acquisition of the GeM websites by the government for Rs 20,000 crore proved to be revolutionary.

The services can range from as trivial as internet Service to as large as Audit filing. In  yesteryears, it was done through passing tender locally. A long and tedious process which was not that much efficient.

Not anymore, with the arrival of GeM it takes less time to acquire the Service. In this whole process, the only requisite is that the seller has to have GeM seller registration.

In this article, we would be enunciating every process for GeM registration online and how GeM is revolutionizing things in startup culture.

What is GEM portal registration?

India's public sector organizations, groups, and various government departments can easily purchase the goods and services they need using the Government E-Marketplace website. This portal's sole objective is to increase public procurement's transparency, effectiveness, and speed.

One of the reasons why the number of startups registered at the public procurement platform GeM has more than doubled. Also, they are getting lots of orders from government agencies and public sector organizations.

But why does it need GEM portal registration?

It provides demand aggregation, e-bidding, and reverse e-auction solutions to help government users get the most for their money. They can complete and avail the benefits of registration through-

1. Registration on the GeM,
2. Consulting on the GeM portal,
3. Registration of sellers,
4. Registration on the GeM, and
5. Registration on the government e-market portal.

But the seller can fall in two categories, which are namely,

Buyer Registration and Seller Registration.

Registration of Sellers on GeM

Sellers must first register on this portal as sellers before they can offer their products or services to government organisations. On this portal, there are two different types of merchants: OEMs and approved sellers.

Since the launch of the GeM portal, OEMs have become incredibly popular. OEM stands for original equipment manufacturers, which are companies that provide systems or components for businesses operating in the same industry.

However, this is not how an OEM is typically described. OEM can generally be a

1. Manufacturer
2. Brand owners,
3. Importers,
4. Authorised sellers, and
5. Third-party manufacturers
6. Assemblers for Service Providers

Now, tell me all about GeM seller registration. So here we are!!

GeM seller registration: How to do it?

For GeM seller registration first you need documents. Let's address GeM registration documents first:

1. PAN cards are required for applicants to register for GEM.
2. The applicant must possess an MSME certificate, often known as an Udyog Adhaar. Additionally, a GST registration certificate is needed for choosing the tax bracket.
3. The bank information also requires a copy of a cancelled cheque.
4. Applicant's Aadhaar card.
5. Legal papers like ITR, PAN, UAM, CIN, DIPP.

After making the above documents, now we can jump start the GeM registration process.

Step 1: Complete ID Creation & Profile Creation

Step 2: The aspirant may be an OEM or a Reseller.

Step 3: To obtain OEM certification, manufacturers must follow the VENDOR ASSESSMENT PROCESS.

Step 4: Once an applicant has registered as an OEM or a reseller, result listing is necessary.

Step 5: Products are in the GEM admin department's acceptance mode

Possibilities for advantages offered to registered sellers following GeM registration

1. Full access to a centralised, nationwide acquisition gateway. This translates to a huge rise in commercial opportunities across India.
2. Free registration
3. MSMEs should receive specific quotas and benefits, as well as creation with aggressive procurement in some other areas.
4. Since the entire process is conducted online, no paperwork is needed.
5. Brand acceptability and brand memory techniques.
6. A robust online system for product buyers and sellers to report service issues.
7. The dashboard is simple to use and analyses the present to optimise sales.
8. Additionally, sellers from the NE states and J&K are exempt from ITR filings.
9. Intense pricing will change based on market conditions and supply ratio.

GeM registration consultant near me

There are hundreds who provide guidance on GeM portal Seller Registration. But few are there in the whole journey of registration. One such company who believes in giving utmost guidance is Regalguru.

Regalguru is a group of business advisors committed to serving your legal needs. Regalguru offers you all the legal services you require for a successful business start-up and operation.