17th December 2020
CIRCULAR
SUBJECT: Refund / Carry forward of 25% advance paid for stall participation at IIJS Premiere 2020 show scheduled for 6- 10 August 2020
Dear Exhibitors of IIJS Premiere 2020,
Greetings from GJEPC!!!
We hope you and your family are safe and healthy!
In continuation to the circular dated 28th July 2020, wherein the Council had announced the postponement of IIJS Premiere 2020 scheduled from 6th – 10th Aug 2020 to January 2021. This postponement was done due to the Covid 19 pandemic situation in the country and with a hope that the Covid 19 situation would normalize & lives will be back to normal to conduct a show of the magnitude of IIJS.
Unfortunately there seems no relief in the lockdown measures and restrictions imposed by the government. Also the IIJS venue (Bombay Exhibition Centre), has been occupied as Covid 19 facility centre and there is no clarity as to when the venue would be available to organize the next edition of IIJS Premiere.
Hence, the Exhibition Sub-Committee of GJEPC has decided on the below two options for all exhibitors, who were allotted booths/stalls on 18th & 19th February 2020 for IIJS Premiere 2020 and based on the same had paid 25% advance of participation cost, (with benefits of the discounts then offered) can exercise either of the below two options considering the postponement.
Option 1. Carry forward of the 25% advance paid: Exhibitors, who have paid 25% advance of the participation cost & were allotted stalls for IIJS Premiere 2020, can carry forward their amount paid to GJEPC for the next physical show (Tentatively scheduled to August 2021).
Those who will opt for carrying forward their advance will be provided with incentive as decided by the National Exhibition Sub-Committee of the Council at a later date.
Option 2. Refund of 25% advance amount paid: Exhibitors, who have paid 25% advance of their participation cost & were allotted stalls for IIJS Premiere 2020, can opt for refund of their 25% advance paid towards their stall for IIJS Premiere 2020.
For exhibitors requesting for refund may note:
1. TDS: In case of refund, the member should revise their own TDS Return and Set-off his unclaimed TDS against their own TDS Liabilities.
FAQ on TDS
• Whether the TDS return for last year ( i.e 2019-20) can be revised in the current year?
Answer - Yes the TDS return can be revised in the current year.
• Whether TDS shown in the last year’s return can be unblocked and utilized for paying current year TDS liability?
Answer - Yes, TDS shown in return in last year is to be unblocked while making revised return and the same can be utilized for payment of last year or any current year’s liability also.
2. GST collected in advance: In case of refund, Council will give refund to the exhibitors inclusive of GST amount and duly claim for refund from GST authorities.
*The refund of the 25% advance amount received for IIJS Premiere 2020 will be done of the net amount received in bank. (i.e. Net receipt after TDS) with GST amount.
All Exhibitors are requested to click on the link and submit their response from the above proposed options.
Important Points to Note
- Members are requested to fill the above google form on or before 23rd December 2020.
- In case of non-receipt of response on or before above mentioned deadline for Carry Forward / Refund of 25% advance amount, refund will be done to the company’s account and information will be sent accordingly.
- No further request will be entertained in this regards after the deadline date mentioned above.
- Fresh allotment rules will be informed for the IIJS physical participation shortly.
- Refund Process: As per the limitation informed by our bank (Punjab National Bank), Council can refund upto 50 exhibitors per working day through NEFT. Hence it will take approximately 24 working days for the refund process to be completed. We will start the refund process from 24th December 2020 and in alphabetical order.
For further assistance you may please feel free to contact us on 1800-103-4353 / OR give us missed call on +91–7208048100; or write to us on www.gjepc.org/helpdesk . Members may also raise a ticket for meeting with the GJEPC secretariat on www.gjepc.org/helpdesk for any further assistance that may be required pertaining to IIJS Premiere.
With warm regards,
Sabyasachi Ray
Executive Director
The Gem & Jewellery Export Promotion Council
AW1010, Tower – A, 1st Floor, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra (E) Mumbai 400051
Call Centre No. : 1800-103-4353 Missed Call No: +91 7208048100
Website: https://www.iijs.org/
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