Is ITR mandatory for GeM?

Verified ITR details are mandatory for participating in Bid/RA for all entities unless incorporated less than 24 months ago or exempted from filing ITR. ITR details are not mandatory if you do not want to participate in Bid/RA.

What are the documents required for GeM?

Sellers on the Government E-Marketplace must have the following documents to be registered:

  • PAN CARD.
  • Udyog Adhaar or Company Registration or LLP Registration.
  • VAT/TIN Number (if applicable)
  • Bank Account & supporting KYC documents.
  • Identity proof.
  • Address proof.
  • Cancelled cheque copy.

What are the documents required for GeM registration as seller?

Begin Selling

UDYOG ADHAR or COMPANY REGISTRATION or LLP REQUIREMENTS. VAT/ TIN NUMBER (of applicable) BANK ACCOUNT & SUPPORTING KYC DOCUMENT. IDENTITY PROOF.

Is caution money in GeM mandatory?

All sellers registered on GeM must pay the Caution Money.

Is GeM registration free of cost?

GeM registration is completely free. It is truly a platform of transparency.

How do I check if my GeM is registered?

Check your GeM registration status

  1. Step – 1. Fill Up Application Form. Fill the form Correctly and Upload the necessary Document then Submit the Application.
  2. Step – 2. Make Online Payment. …
  3. Step – 3. Schedule callback. …
  4. Step – 4. Validate and complete registration.
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What is the benefit of GeM registration?

GEM registration helps to authorize the manufacturer, small dealers and service providers to enter the wide and interactive online platform, where they can directly sell their products & services to various buyers from the government departments, organizations and PSUs.

How do you get L1 in gems?

Press compare button which shows on screen and OK. Buyer will find a comparison sheet. At the end of the comparison sheet, GeM portal will display the L1 to purchase amongst all the available products on GeM portal.

What is threshold limit in GeM?

50,000/- and up to Rs. 30,00,000/- through the GeM Seller having lowest price amongst the available sellers, of at least three different manufacturers, on GeM, meeting the requisite quality, specification and delivery period.

Is GeM caution money refundable?

Caution money deposit may be claimed between the period from July to September each year. 6. The form needs to be completed in all respects. Any incomplete form / missing information will not be accepted by the Office and no refunds will be processed.

Is caution money refundable?

The caution money and security deposit are refundable after deduction of dues, if any, only after the student finally leaves the College on completion of the course. … Year wise details of refund of Caution money along with listing of students who have been paid the same are attached.