GeM: Orders above Rs 10 cr to pay flat fee of Rs 3 Lakh

In a step towards enhancing the ease of doing business and promoting inclusivity in the economy, the Government e Marketplace (GeM) has announced a major reduction in transaction charges for sellers and service providers on its platform.

According to the Ministry of Commerce and Industry, under the new policy, all orders valued up to Rs 10 lakh will now attract zero transaction charges, doubling the previous order value ceiling of Rs 5 lakh.

For orders between Rs 10 lakh and Rs 10 crore, the transaction fee has been reduced to 0.30 per cent of the total order value, compared to the earlier charge of 0.45 per cent. Meanwhile, orders exceeding Rs 10 crore will incur a flat fee of Rs 3 lakh, a significant reduction from the previous cap of Rs 72.5 lakh.