Definition
Many GeM bids require the seller, and sometimes the OEM, to have a minimum average annual turnover over the last few financial years, proved by audited statements or a CA certificate. The figure and the number of years are in the bid. MSEs and startups may be exempted if the bid allows it; GeM can also verify turnover from data linked to your profile.
In simple words
Turnover shart = pichhle saalon mein aapka saalana business kam se kam itna hona chahiye.
Related terms
Guides on this topic
This is a general explanation. Confirm exact limits, percentages and timelines in the bid document and on gem.gov.in.
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