Public Notifications

Public Notifications issued by Ministry of Finance

Notification on GST on import of services from India (30-Oct-2017)

This is to notify all that Goods and Services Tax (GST) on imports of following services from India to Bhutan are now exempted as per the notification issued by the Central Board of Customs & Excise, Government of India.

(1) GST on import of services from India to Bhutan where payments are made in Indian Rupees are exempted vide notification no. 42/2017-Integrated Tax (Rate) dated 27th October 2017. Kindly refer to www.cbec.gov.in/resources/htdocs-cbec/gst/notfctn-42-igst-rate-english.pdf for detail information.

(2) GST on supply of services associated with transit cargo via Indian territories to Bhutan are exempted vide notification no. 30/2017-Central Tax (Rate) dated 29th September 2017. Kindly refer to www.cbec.gov.in/resources/htdocs-cbec/gst/notfctn-30-CGST-rate-english.pdf for detail information.

For any other information related to Indian GST, please visit www.cbec.gov.in/htdocs-cbec/gst/index.

Public Notification on Fiscal Incentives Act of Bhutan 2017 (29-Aug-2017)

Public Notification

Pursuant to the enactment of the Fiscal Incentives Act of Bhutan 2017, the Department of Revenue and Customs would like to notify to the general public that the Rules on Fiscal Incentives Act of Bhutan, 2017 is issued to this effect. These Rules shall come into force in accordance with Section 1 and Section 2 of the Fiscal Incentives Act of Bhutan, 2017.

Seeking public views/comments on draft Accounting & Auditing Standards Bill (14-Jul-2017)

The Accounting & Auditing Standards Board of Bhutan(AASBB) would like to seek the views/comments on the AAS Bill. The draft Bill contains eight (8) Chapters with seventy two (72) sections. The draft bill outlines the objectives of the Board, constitution of Board and its committees, transitional provisions, responsibilities and authorities and enabling provisions for the independent functioning of the board supported by the Secretariat.

Appreciate receiving your views/comments to email id aasbbhutan@gmail.com by 15th August 2017.

Draft Accounting & Auditing Standards Bill

Notification on Rename of PED (19-Dec-2016)

This it to inform that the erstwhile “Public Enterprise Division (PED)” under the Ministry of Finance (MoF) is now renamed as the “Investment and Corporate Governance Division (ICGD)” under the Department of Macroeconomic Affairs (DMEA), MoF. Therefore, all concerned are requested to refer any corresponding related to ICGD to the Director, DMEA.

Attached download

e-GP Logo Notification (4-Oct-2016)

The Public Procurement Policy Division (PPPD), Ministry of Finance has selected e-GP Logo through an open competition. The logo shall be in the public domain for one month from 4 October to 2 November 2016. If any individual/Organization has copy right issues or any other objection in relation to this logo, please contact Public Procurement Policy Division, Ministry of Finance at 336962 or email: dechenwangmo@mof.gov.bt

No disputes or complaints shall be entertained after 2 November 2016 after which the logo will be officially declared and used as the E-GP logo.
e-gp-logo

Description of e-GP logo:

The dark green power button sign ( ) symbolizes the electronic system of the Government Procurement, which will ensure e­ciency of work. The green colour symbolizes the environmental friendliness and continuity of the procurement system. The two green lotus leaves ( ), which take the shape of the palm of hands, symbolize the purity in the minds of both Government and bidders in discharge of the procurement functions. In case of any fraudulent practices, the red‑ame ( ), which over-archs the whole logo, will burn everything like the re that is unstoppable once started.The letters ‘e-GP’ on a white background symbolizes the transparent nature of the procurement.