The government has proposed to defer the implementation of the Goods and Services Tax (GST) Act 2020 to July 1, 2022.
The present GST Act, which was passed in February last year, was supposed to come into force on July 1 this year.
However, presenting the GST (amendment) Bill 2021 in the National Assembly yesterday, Finance Minister Namgay Tshering said that Bhutan Integrated Taxation System (BITS) or the GST software was being developed and it is expected to take up to six months to complete.
Source: kuenselonline.com
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