GeM's full form is Government e-Marketplace (GeM), an online platform for public procurement of goods and services by central and state government organizations.
Public procurement has always been an essential part of government activities. The government’s intention introducing GeM was to enhance transparency, efficiency, and speed in public procurement.
GeM provides the tools of e-bidding, reverse e-auction, and demand aggregation to facilitate the government users, achieve the best value for their money.
Direct Access To Government Department & Psus.
Fully online, paperless and contact less platform.
All Sellers Will In India.
Easy Access To Participate In Bids/reverse Auction.
Energetic Estimating- Cost Can Be Changed Based On Market Conditions.
All Sellers Will be ShownReasons for Rejection.
Consistent Purchase Procedures.
Dealer Inviting Dashboard For Checking Supplies & Installments.
Quicker Installments Incredible Straightforwardness & Ease Of Offering.
Auto Notifications For Bid Participation in Your Category.
Access to National Public Procurement Market
Special provisions and sections for startups, MSMEs, and Emporium products
Fully online, paperless, and contactless platform
Multiple invoices for a single order
Easy access to participate in bids/ reverse auction
The clock has been enabled in RA to display the remaining time for seller participation
All sellers will be shown reasons for rejection
Seller friendly dashboard for monitoring supplies & payments
Seller belonging to North-East states and J&K are exempted from ITR at the time of bid participation
Dynamic Pricing - Price can be changed based on market conditions
Direct access to Government departments and their organizations
Preference given to DPIIT recognised startups to boost startups in India
The following document is required to register your business online on the GeM portal.
Applicant can list their brand on the GeM portal easily whether:
Trademark registered
Brand Owner but trademark not registered
Unbranded products
After the GeM registration process, the dealers, manufacturers, and service providers have to list their products & services on the GeM portal. This process is called Product listing on Government e-Marketplace. The products and services of the sellers/vendors will go live on the GeM website after the listing is approved by the GeM Authority.
Direct Purchase mode is allowed for low-value transactions, allowing the buyer to directly obtain from any available seller on GeM who satisfies the buyer's requisite quality, specification, and delivery time.
GFR rule 149 allows direct online purchases on GeM up to ₹ 50,000/- any of the available suppliers on the GeM, meeting the requisite quality, specification, and delivery period. However, GeM being a dynamic online marketplace, this is subject to procuring authorities convinced about the reasonability of rates.
When the purchase amount is more than ₹ 50,000, it is mandatory to do a comparison of the products first and the buyer needs to select the L1 product. For mid-value transactions, the Direct Purchase with the L1 mode is authorized, allowing the buyer to directly acquire from the L1 seller after analyzing all available sellers on the platform who satisfy the buyer's needed quality, specification, and delivery period. A comparison of goods/ services from at least three manufacturers/ OEMs and three distinct retailers is required.
All vital government and kingdom government ministries/departments including its connected/subordinate places of work, principal and state self sufficient bodies, vital and state public quarter gadgets and neighbourhood our bodies etc. are authorised to make procurement through GeM portal.
Basically there are two types of payments made on GeM portal - One is caution money and other is for vendor assessment.
Caution money payment depends upon the turnover of an entity (starting from 5000). It can be made via cheque or payment gateway on GeM portal.
RA stands for Running Account, which is generally used in contractual invoices where work is completely in multiple phases.
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.
Certain Buyer organizations are eligible for concession on GST if goods for which bids have been invited fall under classifications for eligibility of concession are met by the institution.
