Vendor Payment Terms

Effective date: October 09, 2024

1. Payment Structure

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

Final Payment (80%): Remaining 80% is processed within 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

If the event is cancelled by the organiser, the 80% balance will not be paid and the 20% advance is non-refundable unless we state otherwise in writing.

4. Payment Method

All payments are made via bank transfer (NEFT / RTGS / IMPS) only. We do not issue cash payments.

5. Invoice Submission

Submit invoices within 3 days after the event. The 10-day payment clock starts from invoice receipt. Invoices must include:

  • Vendor name, PAN, and GSTIN (if applicable).
  • Invoice number and date.
  • Breakdown of charges and agreed amount.
  • Bank account details (bank name, account number, IFSC, account name).

6. Late Payment

Payments delayed beyond 15 days incur interest at 1.5% per month until settlement.

7. Verification & Non-Compliance

Payments are subject to verification of services rendered and compliance with event rules. Damages, missing goods, or violations may reduce the final settlement at the organiser's discretion.

Stall Participants

Type of Stalls:Food stalls.

Security Deposit: A refundable security deposit will be collected from stall participants at the time of booking. This deposit will be refunded during final settlement after the event, subject to verification and compliance with event guidelines.

No-show: In case of a no-show, the refundable security deposit will automatically be converted into a non-refundable amount.

Cancellation & Postponement:

  • If the event is cancelled by us, participants will receive a full (100%) refund within 15 Business Working Days
  • If the event date is postponed, refunds will not be issued; participants may opt to transfer their booking to the new date.
  • If the event is cancelled due to circumstances beyond our control (force majeure), no refund will be provided.

Note: Security deposit amounts and stall-specific terms may vary by event and will be communicated at booking. Always keep a copy of your booking confirmation and payment receipts.