The ICAI vide Announcement dated March 04, 2022 issued clarification with regard to chartered accountants in Practice/Firms of chartered accountants registering themselves on Government e-marketplace (“GeM”) Portal.
As the members are aware, the Government of India has mandated procurement of goods and services by Government Department/organisations through GeM (Government e-marketplace) portal.
The Institute has been receiving queries as to whether Chartered Accountants in Practice/Firms of Chartered Accountants can register themselves on GeM Portal as registration on the Portal is a pre-requirement for providing professional services to the Government departments/ organisations.
It is hereby clarified that the Chartered Accountants in Practice/Firms of chartered accountants are permitted to register on GeM Portal for rendering professional services. The information being published on the portal should be in compliance with the provisions of Code of Ethics.
It may be noted that the Guidelines on Tenders dt. April 07, 2016 issued by the Institute will be applicable to tender floated through GeM Portal also without any change. The Guidelines are appearing as Appendix -J of Volume-II of Code of Ethics, and may be accessed on the website of the Institute at: https://resource.cdn.icai.org/60018code-of-ethics-2020vol2.pdf
The official announcement can be accessed at: https://www.icai.org/post/clarification-ca-in-practice-firms-of-ca-registering-gemportal