Vendor Payment Policy

1. Payment Structure

Advance Payment (20%): Vendors will receive 20% of the agreed amount before the event as a booking confirmation.

Final Payment (80%): The remaining 80% will be processed 10 days after invoice submission, following our Friday-to-Friday payment cycle.

2. TDS Deduction

TDS (Tax Deducted at Source) will be deducted as per applicable government rules before final payment.

3. Event Cancellation Clause

If the event is canceled, the balance 80% will not be paid. The 20% advance is non-refundable.

4. Payment Method

All payments will be made exclusively via bank transfer (NEFT/RTGS/IMPS).

5. Invoice Submission Guidelines

Invoices must be submitted within 3 days after the event. The 10-day payment cycle starts after invoice submission.

6. Late Payment Clause

If payment is delayed beyond 15 days, a 1.5% interest per month will be applied until settlement.