WHAT IS A GEM AND HOW TO GEM SELLER REGISTRATION?

 

WHAT IS A GEM AND HOW TO GEM SELLER REGISTRATION? Lot things; In particular, MSMEs, manufacturers, and service companies believe that selling to authorities is a safer bet than trying to find customers themselves to avoid competition. The government's electronic marketplace, commonly known as the jewel, began with the same premise. The market helps retailers get the exact cost of their goods and offers and provides government ministries with a single point of contact for all their needs. It has emerged in India as a national procurement portal. In addition, the gem will help to take a step closer to the fact that virtual India is imaginary and careful. Government e-Marketplace (GeM) is a one-stop gateway to work with the online obtainment of normal use Goods and Services expected by different Government Departments/Organizations/PSUs. Jewel expects to upgrade straightforwardness, proficiency, and speed in open acquisition. It gives the apparatuses of e-offering, switches e-sale, and request collection to work with the public authority clients to accomplish the best incentive for their cash. The buys through GeM by Government clients have been approved and made compulsory by the Ministry of Finance by adding another Rule No. 149 in the General Financial Rules,  2017. For Sellers Direct access to all Government departments. One-stop-shop for marketing with minimal effort. One-stop-shop for bids / reverse auctions on products/services New Product Suggestion facility available to Sellers Dynamic pricing: Price can be changed based on market conditions Seller-friendly dashboard for selling and monitoring supplies and payments Consistent and uniform purchase procedures Benefits of Registration of your business or Service in GeM GeM offers several advantages to sellers. Some of the benefits are listed as under: Paperless, contactless, and Cashless registration. Direct access to over 43,000 buyers’ organizations including Central government buyers, PSUs, all states, and UTs. No middleman- sell directly to the government Timely payments Timely delivery acceptance No more searching for tender notices in papers and magazines Minimal marketing efforts and expense Approximately 45% of contacts on GeM have been awarded to MSMEs. One-stop-shop for bids/ tenders of all products/ services procured by huge numbers of government buyers Dynamic pricing allows MSEs to change prices based on market conditions Freedom from product registration GeM portal has an API integration with Udyog Aadhaar, sellers can validate their MSME status through Udyog Aadhar without the need to upload or submit any proof to any authority in GeM GeM portal is working with the MSME ministry for ensuring that items reserved for MSE are mandatorily procured from MSEs only. Minimal Manual intervention Transparency and efficiency in the procurement process Provide optimal value for money to the registered user Helps encourage small business units /individuals to do business with the government Increase access for procurement like broader outreach, a wider variety of goods and services How Does gem work?  why should you register on GeM? GeM registration has many benefits. Here are the most important ones: You can get a direct door to deliver goods and services to government ministries and officials It requires minimal marketing effort There will be no long waits and people to meet government tenders because you will be contacted immediately when you register and display your products. Minimum compliance procedures The price may change periodically or occasionally based on market conditions without interference from competitors. Stay informed about government requirements and purchasing plans Payment on time Seller Registration on GeM Suppliers who want to sell their offers or services to government agencies must first register on this portal as a reseller. There are two categories of suppliers on this portal - one authorized supplier and the other OEM. OEMs have recently gained great popularity since the arrival of the GeM portal. OEM refers to original equipment manufacturers who manufacture systems as components for other entities serving the same areas of interest. Any seller who manufacturers or markets genuine products or delivers services can become a seller on the Government E-Marketplace. Sellers on the Government E-Marketplace must have the following documents to be registered: PAN CARD Udyog Aadhaar or Company Registration or LLP Registration VAT/TIN Number (if applicable) Bank Account & supporting KYC documents Identity proof Address proof Canceled cheque copy Procedure for Registration To become a seller on the Government E-Marketplace, register your business through one of the following links: Manufactures or traders can register here Service providers can register here The system for registration is simple and once registered, a gem consumer id and password is provided to get the right of entry to the seller account. Via the seller account, the vendor or carrier provider can list the products or services supplied with their aid of them at the side of the pricing. The seller is loose to set the rate of the product in line with his/her costing. However, it's important to include in the very last price, the fee for logistics, packing & taxes, duties, and so forth. Alongside an appropriate margin to reach on the promoting rate on an all-inclusive basis, indicating percent of excise obligation, carrier tax & CST/vat as applicable, with delivery at web site basis. Order Management After completing seller registration and listing, the seller will start receiving orders through the seller dashboard. Wherever a customer places an order, GeM will send you an e-mail alert and orders can be managed through the GeM portal itself. After receiving the order, it's the seller's responsibility to pack the item and deliver it to the buyer on time. It is the seller’s responsibility to deliver the products safely to the consignee. Payment Settlement Payment for the goods or services purchased through the Government E-Marketplace will be made directly to the seller's bank account through online banking within 10 days after receipt and acceptance of the goods or services or after the expiry of 10 days prescribed for the return policy. FAQs on GeM Question 1.  Who can promote a gem?   Ans: The “seller(s)” on gem can be the OEMs (authentic device producers) and/or their legal channel accomplice(s)/ resellers (having any general authorization/dealership of the OEMs to promote their product in the open marketplace) and e- marketplaces. Question 2. How do I sell on GeM? Ans :  To sell on GeM, Register yourself on the GeM portal. List your products under specific product categories. Once an order is received, deliver the product to the Consignee duly entering its details on the portal. Once an order is successfully delivered, Consignee shall inspect/test the product for its conformity with contract specifications and issue acceptance/rejection through online CRAC. After CRAC, the buyer will process the bill and forward it to paying authority for time-bound payments Qu 3. who can purchase/purchase thru gem?  Ans: all critical authorities and country authorities ministries/departments such as its attached/subordinate offices, crucial and state self-sustaining bodies, important and country public sector devices and nearby our bodies, and so on. Are authorized to make procurement thru the gem portal.   Qu 4. Who's legal to check in as the number one person on a gem?  Ans: authorized officers of the rank of deputy secretary/equal or head of the office at sub-center/unit/department of government organization / PSU / self-sustaining bodies / nearby our bodies/constitution bodies/statuary our bodies can register as number one person on the gem. Qu 5. What are the necessities to utilize the gem portal?  Ans: for using the gem portal first a primary person wishes to register on the gem portal. Requirements of registration on gem are as follows: Aadhaar linked with cell no. (to receive OTP for e-sign) Qu 6. Goods as much as what fee may be bought on a gem?  Ans: Please refer to rule 149 of gfr 2017. The gem portal will be utilized by the government buyers for direct online purchases as beneath :  up to rs. 25,000/- thru any of the available suppliers at the gem, assembly the requisite excellent, specification and transport period. The purchasing government will certify the reasonability of charges. Above rs. 25,000/- and as much as rs. 5,00,000/- through the gem vendor having the lowest rate a few of the available sellers, of at least three distinct manufacturers, on gem assembly the needful satisfactory, specification and transport length. The gear for online bidding and online opposite public sale available on gem can be utilized by the buyer is determined by using the capable authority. The purchasing authorities will certify the reasonability of rates. Above rs. 5,00,000/- thru the provider having the lowest price assembly the needful quality, specification, and shipping period after mandatory acquiring bids, the use of online bidding or opposite public sale device provided on the gem. The shopping government will certify the reasonability of quotes.