https://www.taxtmi.com/news?id=27911 GeM's new revenue policy effective 9 August 2024 reduces transaction charges: orders up to a low-value threshold attract zero charges; orders between that threshold and a high-value ceiling incur a reduced percentage fee; and orders above the high-value ceiling pay a fixed, substantially lower flat fee capped irrespective of order size. The revision shifts most transactions to zero fees while imposing a nominal, capped fee on remaining transactions, aiming to lower transaction costs and expand access to public procurement for smaller suppliers. en-us Sat, 21 Sep 2024 14:05:30 +0530 Sat, 21 Sep 2024 14:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27911 GeM's new revenue policy effective 9 August 2024 reduces transaction charges: orders up to a low-value threshold attract zero charges; orders between that threshold and a high-value ceiling incur a reduced percentage fee; and orders above the high-value ceiling pay a fixed, substantially lower flat fee capped irrespective of order size. The revision shifts most transactions to zero fees while imposing a nominal, capped fee on remaining transactions, aiming to lower transaction costs and expand access to public procurement for smaller suppliers. News - Sat, 21 Sep 2024 14:05:30 +0530 https://www.taxtmi.com/news?id=27911