Guide On GeM Portal Registration

GeM Portal Registration

GeM Portal Registration

GeM, or Government e-Marketplace, is an electronic marketplace that has made procurement of goods and services very easy for government institutional entities right from purchasing to making a payment for the same. It makes the public procurement process faster and more efficient.

If you have a businessand want to sell your products to government entities, registering on GeM can open up a lot of business opportunities for you.

What is GeM Registration?

GeM stands for Government e-Marketplace. Through this Internet-based platform, central and state government organizations purchase goods and services. GeM seeks to enhance transparency, efficiency, and speed in public procurement. On the other hand, GeM uses tools related to e-bidding, reverse e-auction, and demand aggregation to guarantee the best value for money for government users.

Benefits of Registration on the GeM Portal

  • Access to the National Public Procurement Market
  • Dedicated sections for startups, MSMEsand Emporium products
  • Completely online, paperless and contactless marketplace
  • Generation of multiple invoices by a seller against an order
  • Ease of participation in bids and reverse auction
  • Countdown clock indicating the remaining time for seller participation in reverse auctions.
  • Reasons for rejection of their bids are given to the sellers
  • Seller-friendly dashboard for tracking Supplies and Payments
  • Exemption to Sellers from North-East states and J&K from ITR at the time of participation of bid
  • Dynamic pricing lets prices change per the changing market conditions
  • Direct Access to Government Departments and Organisations.
  • Startups registered with DPIIT are given priority to facilitate their growth.

Documents Required for GeM Registration

The documents required for the GeM registration are:

  1. PAN Card
  2. Udyog Aadhaar or MSSME certificate
  3. GST registration certificate
  4. Mobile number and e-mail ID
  5. Cancelled cheque copy
  6. Aadhhar card of Applicant
  7. Other supporting documents like photos and product list, if required.

GeM Registration Process

Step 1: Seller Registration on GeM

The first step for GeM registration is creating a seller account on the portal. This has to be done by an authorised person of the company(Director or Key Person/Proprietor). To sign up the authorized person can use his Aadhaar or PAN card.

Step 2: Up₹date the Organisation Profile

The next step is to complete your profile. There are four mandatory sections to be filled including PAN Validation, Company Details, Office Location, and Bank Account. There are other optional sections related to MSE, Startup, and Tax Assessment. You also need to pay caution money based on your turnover after updating the profile.

Step 3: Vendor Assessment on GeM

After paying the caution money, as a vendor you must apply for Vendor Assessment to get the OEM certificate. This is mandatory for selling categories Q1 and Q2 products. If you are a manufacturer, you must get an OEM certificate irrespective of the products you sell. RITES (Rail India Technical and Economic Service) conducts the Vendor Assessment.

Step 4: Brand Listing

After getting approved as an OEM, list your brands under relevant product categories. Brands may be trademarked, non-trademarked, or even unbranded.

Step 5: Product Listing

Your next step is to list the products and services on the GeM portal. The listing goes live only after getting approved by the GeM Authority.

Step 6: Bid Participation and Appointment of Resellers

After listing your products and services, you can participate in bids and accept orders. OEMs can appoint resellers to list products and services after approval.

 

GeM Vendor Assessment Fees

The fees for Vendor Assessment depend upon the annual turnover;

  • Upto ₹20 lakhs: ₹871.61 (exclusive of GST)
  • ₹20 lakhs to ₹1 crore: ₹1743.22 (exclusive of GST)
  • More than ₹1 crore: ₹3486.44 exclusive of GST

Caution Money Deposit

The fees for Caution Money Deposit are based on the seller’s turnover

  • Less than ₹1 crore: ₹5,000 (exclusive of GST)
  • ₹1 crore to ₹10 crores: ₹10,000 (exclusive of GST)
  • More than ₹10 crores: ₹25,000 exclusive of GST

Direct Purchase on GeM

Any buyer can directly procure low-value, sought-after articles from any GeM-registered seller who, in the opinion of the buyer, meets the quality, specification, and delivery requirements of the product. For purchases above ₹50,000 only, buyers have to compare the offered products based on the three parameters including product specification, delivery period and selecting the lowest bid (L1).

Make in India (MII) Certificate for OEMs

The Government is promoting ‘Make in India‘ and gives preferences to MII-certified OEMs in public procurement on GeM. At the same time, local suppliers having the MII certificate are also getting preferences in bidding processes.

Conclusion

Sellers can benefit from direct access to government buyers and transparent bidding of GeM. Register on GeM to leverage this platform to grow your business with government contracts. Contact today at +91 9810238067 with Vedkee Associatesto get professional consultation.

Frequently Asked Questions (FAQs) on GeM Registration Process

1. What are the concessions related to GST?

Buyer organisations that fall under certain classifications in their purchases can avail of GST concessions

2. What does OEM stand for in GeM?

OEM stands for Original Equipment Manufacturer. They are divided into 4 categories under GeM:

  1. Manufacturer
  2. Brand Owner Manufacturer & Third Party.
  3. Imported Products & Authorized Sellers in India
  4. Service Provider

3. Why are prices on GeM different from the market?

* The prices on GeM are inclusive of all taxes.

* Prices may differ due to different warranty periods and on-site warranty.

* The payment terms also differ, hence the prices.

4. How to raise a request for a change in the specification of an existing category?

The request can be raised through the Request Management section under their Dashboard. These requests are evaluated by GeM before being worked upon.

5. Who can buy/purchase through GeM?

All central and state government ministries/ departments, autonomous bodies, public sector units, and local bodies can make procurements through GeM.

 

Also read: Pvt Ltd Company Registration with Vedkee Associates

Documents Required for Startup India Registration

Startup India Registration

Guide by Vedkee Associates (www.vedkee.in)

Starting a business in India offers exciting opportunities, and with the government’s Startup India initiative, entrepreneurs receive support through benefits and resources to foster innovation and growth. The initiative, launched in 2016, aims to build a strong ecosystem for nurturing innovation and startups in India. But to get started, proper registration is essential. In this blog, we’ll cover all the necessary documents required for Startup India registration, making the process smoother and hassle-free.

Why Register Your Startup?

Startup India registration brings a multitude of benefits, including tax exemptions, access to government funding, networking opportunities, and more. These advantages are not just perks, they are essential for growing your business. The process of registering can be straightforward with the right guidance, giving you a head start in the entrepreneurial journey.

Key Documents Required for Startup India Registration

1. Incorporation Certificate or Registration Proof

The foundation document for your business, the Incorporation Certificate or Registration Proof, is necessary to prove that your business is legally registered. This certificate is typically obtained during the incorporation of the company, a process that involves submitting the necessary documents and forms to the Registrar of Companies.

2. Director Identification Number (DIN)

For businesses with directors, a Director Identification Number (DIN) is required. This number uniquely identifies a company director in India, helping to keep track of company details through the Ministry of Corporate Affairs.

3. PAN Card of the Business Entity

The PAN card, an essential document, is needed to validate your company’s identity and track all financial transactions. With a PAN card, your business can operate legally and receive funding, providing a sense of security and compliance in your operations.

4. Proof of Address

Proof of address is necessary to verify your business’sbusiness’s registered office. Acceptable documents can include recent utility bills, rent agreements, or other legal evidence of the address where the company operates.

5. Certificate of Udyog Aadhaar Registration (Optional)

Though optional, the Udyog Aadhaar is often helpful for startups as it verifies the small or medium nature of the enterprise. It’s beneficial if you’re planning to apply for any schemes or subsidies.

6. Details of Authorized Representatives

Information about authorized representatives of your company (such as directors, partners, or proprietors) is essential for validating your business’s leadership and authority structure. This includes documents like Aadhaar, PAN, or Voter IDs of each director.

7. Business Idea Pitch Deck or Business Plan

Many startups find that including a concise, well-prepared pitch deck or business plan is not just a formality, but a strategic move. It helps clarify their vision, mission, and operational strategies, making them more prepared when seeking government assistance or investor attention.

Additional Tips for Smooth Startup India Registration

Working with experienced professionals simplifies the entire registration process. Vedkee Associates, with their expertise in legal and financial advisory, provides thorough support for Startup India registration and other essential business services.Â

Benefits of Choosing Vedkee Associates for Startup India Registration

Vedkee Associates (www.vedkee.in) offers personalized guidance for entrepreneurs who want to complete Startup India registration. They provide end-to-end support, from document preparation to filing and tracking, ensuring a smooth journey toward launching your business with official recognition.Â

Contact Vedkee Associates for Hassle-Free Startup India Registration

With the proper documents and a trusted partner like Vedkee Associates, Startup India registration becomes simple, allowing you to focus on growing your dream venture.

Also read: Startup India Registration

MSME Certificate Registration: A Step Towards Business Growth

MSME Certificate Registration

Micro, Small, and Medium Enterprises (MSME) are the backbone of our economy, playing a pivotal role in its growth and development. To further empower these businesses, the government offers a range of benefits through MSME certificate registration. An MSME certificate not only gives a business recognition but also provides access to various subsidies, schemes, and incentives that can significantly accelerate growth.

Benefits of MSME Certificate Registration

  1. Easier Access to Loans: MSME certificate holders can avail of loans at lower interest rates, helping them manage their finances effectively.
  2. Tax Exemptions: MSMEs may qualify for various tax rebates and exemptions, which can significantly reduce the financial burden.
  3. Subsidies on Patent Registration: Businesses with an MSME certificate are eligible for subsidies on the cost of patent registration and industry setup.
  4. Government Tenders: MSME-registered businesses get preference in government tenders, making it easier for them to secure contracts.
  5. Protection Against Delayed Payments: MSME registration ensures that businesses receive payment within a set timeframe, reducing cash flow issues.

How to Register for an MSME Certificate

The process for MSME certificate registration is straightforward and can be completed online. It involves providing details about the business, such as ownership, industry type, and financial data. Once all the necessary documents are submitted, the application is processed, and the MSME certificate is issued.

Why Choose Vedkee Associates for MSME Certificate Registration?

When it comes to MSME certificate registration, it’s essential to have experienced consultants to guide you through the process. Vedkee Associates is a leading consultant specializing in MSME certificate registration. Their unparalleled expertise ensures a smooth registration process, helping businesses access the benefits they are entitled to. Whether you’re a startup or an established company, Vedkee Associates provides end-to-end support for MSME registration, ensuring compliance with all necessary regulations and giving you the peace of mind that your business is in good hands.

In conclusion, obtaining an MSME certificate can open up new opportunities for your business. By partnering with Vedkee Associates, you can make the registration process hassle-free and start enjoying the benefits of being a recognized MSME. Do let us know at +919810238067 or email us at info@vedkee.in for professional consultation.