The Bhut tribe found in the Sādiqābād kaārdāri of Bahawalpur where they are landowners and tenants. They are formed from two distinct groups, one a Baloch, the other a Jat sept, the former being few, and the latter numerous. The Bhut Jats are possibly a branch of the Abrahs, with whom they intermarry, but they are also said to be a branch of the Bhattis. 
Bhuta - Mahavansa/Chapter 10 writes ...Ten years after his consecration did Pandukabhaya the over the whole of the island of Lanka . With Kalavela and Cittaraja, who were visible (in bodily form) the prince enjoyed his good fortune, he who had Yakkhas and Bhutas for friends. Between the king Pandukabhaya and Abhaya were seventeen years without a king.
Mahavansa/Chapter 36 tells....After the death of Bhatika Tissa (his younger brother) Kanittha Tissa reigned eighteen years in the island of Lankä. Since he was well pleased with the thera Mahanaga in the Bhutarama he built for him in splendid fashion the Ratanapasada in the Abhayagiri. Moreover, he built in the Abhayagiri a wall and a great parivena and a great parivena besides in the (vihara) called Manisoma. In that place he built a temple for the cetiya and in like manner for the Ambatthala-thupa; and (he ordered) the restoration of the temple in Nagadipa. Doing away with the boundary of the Mahavihara, the king built there the row of cells (called) Kukkutagiri with all things provided. In the Mahävihãra the ruler of men built twelve great four-sided pasadas, admirable to see and beautiful, aria he added a mantling to the thupa of the Dakkhinavihara, and a refectory besides, doing away with the boundary of the Mahameghavana. And moving the wall of the Mahavihära to the side, he also made a road leading to the Dakkhinavihara. He built the Bhutaramavihara and the Ramagonaka, and the arama of Nandatissa besides.
Aswamedha Parva, Mahabharata/Book 14 Chapter 8 mentions names Shiva which include Bhuta in shloka 5:
- भूतानि च पिशाचाश चनासत्याव अश्विनाव अपि
- गन्धर्वाप्सरसश चैव यक्षा थेवर्षयस तदा
Distribution in Madhya Pradesh
Villages in Ratlam district
Villages in Ratlam with population of this gotra are: