Eligibility: Any Indian citizen, company, partnership firm, or LLP can register on the GEM portal as a seller. Only government departments, organizations, and PSUs can register as buyers.
Documents Required: The documents required for GEM registration depend on the type of registration (seller or buyer) and the type of organization (individual or company). However, some common documents required include PAN card, GSTIN, bank account details, and digital signature certificate.
Registration Process: The registration process for GEM is completely online. Sellers can register by filling out the required details and uploading the necessary documents on the GEM portal. Buyers can register by providing their organizational details and getting their account verified.
Registration Fees: There is no registration fee for GEM registration.
Benefits: GEM registration provides a number of benefits to buyers and sellers. Buyers can easily search for and procure goods and services from a wide range of vendors, while sellers can access a large customer base and participate in online bidding for government contracts.
Verification: After registering on GEM, both buyers and sellers need to undergo verification. This may involve submitting additional documents, such as income tax returns and audited financial statements.
Expiry: GEM registration is valid for a period of two years. After the expiry of the registration, sellers need to renew their registration to continue participating in online bidding for government contracts.
In summary, GEM registration is a simple and hassle-free process that provides a number of benefits to buyers and sellers. The registration process is completely online, and there is no registration fee. GEM registration is valid for a period of two years, after which sellers need to renew their registration.
