VATupdate

Share this post on

Only Registered Businesses May Collect GST: Public Notification from Bhutan’s Revenue & Customs

  • Only businesses registered with the Department of Revenue & Customs as GST registrants can charge and collect GST.
  • GST registrants must issue tax invoices for taxable supplies, displaying the correct Taxpayer Number (TPN).
  • Non-registered businesses collecting GST will face fines and penalties under the Goods and Services Tax Act 2020.

Source: facebook.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



Sponsors:

Pincvision

Advertisements: