• Purchase of a painting only gives you the right to own it.
• You may not make or sell any copies of the image for any reason at any time.
• Bhakti Event GmbH permanently preserves the copyright to the image.
• Bhakti Event GmbH permanently retains the right to make limited edition prints and products featuring the image.

• All sales will be in Euros.
• The minimum purchase price is €5000.
• Sales will be conducted live in Sri Peetha Nilaya and via Zoom.
• Bhakti Event GmbH reserves the right to not sell an item and can withdraw any item from the sale at any time before the item is declared sold.
• Once your offer has been accepted and confirmed by the seller, the art object will be reserved for you and you are legally bound to fulfil the payment (subject to satisfying KYC checks). A signed contract and invoice will be prepared for you and all details of the contract for the sale of the object will be recorded in a written register to protect the rights to document the purchase and preserve the copyrights and will be send to your email address with the request to sign the contract and send it to Bhakti Event GmbH back and to full fill the payment.
• For legal entities, a copy of the transparency register excerpt and commercial register excerpt is required upon conclusion of the purchase.

In-person buying:
After the sale, you will be expected to verify your identity and pass KYC checks. Once complete you will be requested to

• Sign the Contract of Sale
• Make payment arrangements

Online buying:
Prior to the sale you will be required to verify
your identity.  After the sale, you will
be expected to pass KYC checks.  Once
complete you will be requested to

• Sign the Contract of Sale
• Make payment arrangements

• Your painting will not be released to you until full payment has been received and processed.
• You must sign the Contract of Sale within 48 hours of the close of the Sale.
• Then full payment is due within 14 calendar days.
• If you don’t comply, Bhakti Event GmbH reserves the right to sell the item to the next buyer.
• Payments must be made in Euros.

• If you do not pick up your painting after the sale, Bhakti Event GmbH will contact you via email or phone to make further arrangements.
• Bhakti Event GmbH will provide packaging and shipping at no additional cost to the buyer.

The purchase price includes VAT – yes or no?

• The regulations for the correct collection of Value Added Tax (VAT) are quite complicated, especially for foreign transactions, and vary depending on the country. For sales abroad, a tax consultant will be consulted. This person can be well informed about the regulations to be applied to the individual situation.

VAT is due in Germany

• In the case of cross-border sales to other EU countries, if the buyer is a private individual. The turnover is taxable in Germany; VAT is paid in Germany.

VAT is not due in Germany

• In the case of cross-border sales to other EU countries, if the buyer is an entrepreneur. The turnover is tax-exempt in Germany; VAT is declared in the buyer’s country of residence; in the case of invoicing, the indication of the VAT ID No. A cooperation between buyer and seller is important. For cross-border sales to countries outside the EU. In this case, the transaction is tax-exempt in Germany; the VAT does not have to be shown (in this case, no VAT ID number must be stated on the invoice, as it is only valid within the EU).
• For sales to countries outside the EU, customs regulations must be observed. Import duties (customs duties and import sales tax) may also be incurred (see Transport beyond the European Union). It should also be agreed in advance which contracting party shall bear the costs.
  If the foreign buyer acquires the work in Germany and then takes it with him to non-European countries, VAT is due in Germany. After export, the buyer can have the VAT refunded by the seller – upon presentation of an export confirmation. The invoice must subsequently be changed accordingly: it then no longer includes VAT (see VAT for foreign transactions > sales of works of art).
• In addition to the contract of sale, the buyer and the seller also need an invoice, e.g. for the deduction of operating expenses or input tax. Therefore, an invoice will also be generated for you.
• Once again, it should be pointed out at this point that the regulations on VAT for foreign transactions are complicated and that the expertise of a tax consultant must be obtained with regard to the individual situation. The explanations on this website offer only initial indications.
• If the work is to be sent abroad, any import duties (customs duties, import sales tax) that may arise must be paid. In our contract, we stipulated that these costs are covered by Bhakti Event GmbH.