What are the Eligibility Criteria for GeM Seller
Labor and products which Government secures consistently are gigantic and monstrous: More than one-fifth of India’s GDP is created from buys made by Central Govt, State Govt, and different Govt divisions, and PSUs across India.
We are discussing a market size of around Rs 60,000 crore here with regards to Govt obtainment.
Prior, the whole course of Govt acquisition was amazing, conveyed, and with practically no concentration. Whichever Govt office needed to secure any labor and products, they used to report tenders at their neighborhood level. This prompted a superfluous postponement, low quality of obtainment, and a decentralized framework with provisos.
To stop this, the government of India sent off GeM or Government e-Marketplace in 2016, which unified the whole obtainment process by various Government divisions and Ministries into one single entrance.
Registration on GeM Portal?
Gem, or government e-market, is a procurement portal, which may be used to purchase or promote any item or goods via anybody. However, like something else, a man or woman will want to conform to the registration form to start their endeavor on the platform. But, how are you going to complete the gem dealer registration without creating a defective attempt at the path? Here, in this write-up, we’re going to confer approximately the equal in an in-depth manner. Optimistically, it will likely be enough so that you can start your undertaking within the gem. In 2020, the government introduced that rs 20,000 crore worth of executive procurement occurred thru the gem portal, which proved to be a gamechanger. In this text, we are able to proportion what the authorities marketplace is, and what is the gem registration manner for groups. Except, we will share the entire economics and monetization strategy of the executive, which includes the gem registration charge and extra
The Documents Required for GeM Registration
Like any other authorized documentation, you will need to present some specific paperwork during gem seller registration. Here is what you need to know about them!
- PAN Card (proof of the individual’s personal identity and address authentication)
- Company Registration (proof of the affiliation with an organization), Udyog Aadhar, or LLP-associated requirements
- TIN or VAT number (if applicable)
- A copy of the canceled cheque (from the same bank account as the applicant)
- A separate address and identity proof
- The proof of the applicant’s bank account and the supportive KYC documentation
- The Trade Mark certification
- Documentation of the type of services or products provided by the organization
- The address proof of the head office of your company
- Mobile number (which has been connected with your Aadhar Card)
- MSME documentation (if any available)
- NSIC papers (if any available)
- The latest paperwork of ITR (ITR certification with computation where details about gain and profit from business and sales are available)
Presenting the documentation above will make a character eligible to finish the gem seller registration. However, if any form of tampering or fake statistics became found, the applicant could be exterminated from the registration process. He/she may have to stay aside from applying for the same as nicely.
The Procedure for Registering on GeM
The gem seller registration procedure can seem quite complicated and intricate for an individual who is applying for such for the first time. Hence, like many others, if you, too, are a novice in this aspect, then be sure to abide by the following steps.
Step: 1 – Go to the Official Website
So, to begin with, you will need to enter the official website of GeM. Now, you can either search for it manually on Google or click here as well. Now, you will need to click on the “Seller” tab. You will be able to find it right below the “Sign Up” tab. After that, it will redirect you to the page of “terms and conditions” of the website. Be sure to go through the module meticulously before tapping on the “accept” option.
Step: 2 – Fill Up the Form
After accepting the “terms and conditions” of the portal, you will be redirected to the gem seller registration form. Now, you will need to concur and proffer some specific details about you as well as your organization. Here is everything that you might need to know in this aspect –
- Jot down the name of the constitution correctly.
- Now, you will need to choose the type of registration you are most comfortable with. You will get two options – Aadhar and PAN. In each case, you will need to fill out some fundamental details regarding you, such as your name, card number, DoB, address, etc.
- Next, you will need to enter the mobile number that is currently active and in use. You may have to verify the same again by re-entering it. Tap on the “Send OTP” option after you are done.
- An OTP will be provided on your phone. You will need to enter it in the same section and authenticate it.
- After that, you will need to verify your e-mail (if available) in the same manner as well. Once you are done, you can jot down the desired password and username. Tap on the “create account” option at the end to complete the gem seller registration.
Conclusion
So, these are some of the steps that you need to go through while working on the GeM seller registration procedure. Hopefully, the guide will pose to be beneficial for you.
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