"Gem registration portal.

Hello People! Tax Advisory is again here with a new information on a unique segment of Government i.e. GEM portal.

Before, we are start with the guide on gem portal registration details; it is very important for you to know that what is gemportal?

GEM

GeM is an abbreviation of Government e-Marketplace.

An online e-commerce portal of Government hosted by DGS4D, which is an online market place where public usable goods and services can be acquired. It is an efficient, transparent, inclusive, active, self-supportive, and user responsive platform that makes the user interface easy.

As we all know that Public acquisition is a significant role of the current Government. The objective to launch this online marketplace portal is to change the way where Government Ministries and Departments and PSU’s (Public sector Undertakings) handle the procurement of goods and services. Basically, it is a one-stop solution for all government organizations and PSU’s to purchase various consumer goods and services.

So, now let’s discuss more about GeM Portal govt e market and guide on gem portal registration.

STORY OF EXISTENCEhttps://taxadvisory.in/t/udaan-seller-registration

Story of gems portal has started on 9th August 2016, when the two groups of secretaries made a proposal in front of the PM Narendra Modi.

Later on, the Finance Minister Arun Jaitley announced for setting up of a technology-based e-commerce platform in his Budget speech. This portal i.e. gov gem will facilitate the purchasing of various kinds of goods & services by different ministers and agencies at one place.

Today, about 7400 different kinds of products under 150 categories are listed on this portal. And approximately 140 crores of business have already been done through the portal.

Till date, it has been proved to be a safest way of purchasing in this pandemic situation. People also refer it as jam portal or jem portal but its name is gem portal

you may also like- Udaan Seller registration procedure

MERITS OF GeM  REGISTRATION FOR BUYERS

Everything in this world has merits & demerits. But it will be more encouraging & beneficial for us, if we will focus on the advantages.

Gem gov has a variety of listed products available for buyers under different categories. This portal is very easy to handle. You can easily search and buy the product that you are looking for. Not only this, you can also compare the products of your choices. Here, we are listing some of the major benefits, which you can avail as a buyer:

• Buy product of your choice anytime/anywhere you want from government e marketing place
• The entire process of gem e market is paperless and involves few human interfaces, thus making it more interference
• You can also select the best vendor on gem india according to the continuous vendor rating process
• Website layout is easily accessible for any type user

Return of goods & services is also facilitated by GeM, in case it does not fits as per your needs

MERITS OF GeM REGISTRATION FOR SELLERS

Here, we are listing some of the major benefits, which you can avail as a seller:

• Registration process on GeM govt e marketplace for sellers is very easy
• This portal requires minimum efforts for the sellers to list their products
• Bids and Revenue Auction are also the other two features of gem marketplace
• Just like for a buyer the seller dashboard is also very easy to use and has all the related information like payment and supplies etc. at one place. Thus, making it easy for the seller to monitor
• This portal does not only allow sellers to sell their products, but also provide them with new suggestions like gem marketing and gem online bidding
• The portal follows dynamic pricing mechanism under which the price of any product is determined by the condition of the market

HOW GeM PORTAL WORKS?

Procurement made smart & easy with this initiative of the Government. GeM e marketing works in a very systemized manner. e gem provides three process for both Buyers and Sellers:

• Direct Purchase
• Bidding
• Reverse Auction

Direct purchase- After generating the contract, the seller/supplier will dispatch the along with the issue of online invoice on Gem portal. An invoice will be online available to the buyer and DDO/PAO regarding invoice cum bill. Then GeM e marketplace portal will send a SMS/ email alert to the Buyer, on submission of Invoice.

Bidding- It is an offer (often competitive) to set a price by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something.

Reverse Auction- A reverse auction is a type of auction in which the roles of buyer and seller are reversed. In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers underbid each other.

CHECKLIST FOR GeM REGISTRATION

Mandatory documents for registration on government emarketplace:

• A valid Aadhar Card
• A Mobile number linked with Aadhar Card
• User must NIC registered email ID
• Gst registration

CLOSURE

e-GeM portal is a great opportunity for all the market people who wish to sell & purchase their respective goods & services via Government. TAX ADVISORY can help you with GeM Registration & listing consultancy services. We have a team of experience professional who can guide you. Our assistance can be a fruitful decision for your business…

“The Government is committed to curbing corruption. One of the key aspects of this objective is to minimize Government’s human transactional interface. Accordingly, public procurement is being transformed by leveraging technology such as online marketplaces and e-tendering. The Government E-marketplace (GeM) also offers other advantages such as minimizing prices while maximizing ease, efficiency and transparency. It will help enhance processes in ways such as demand aggregation, real-time price discovery, and prompt automated payments.”

– Shri Narendra Modi, Prime Minister of India.

By Megha Saxena

Content Production & Social media Manager

Tax Advisory

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