Hi
I work in a company which runs pre-schools and also does franchisee business. Can the input credit of GST from rent paid foe the premises of play schools be set off against output GST payable in respect of Franchisee and Management fees received.
As preschools are exempted from GST,there is no option to set off the Input GST paid.
Thanks in advance.
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
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Jitendra Agarwal & Associates
Bengaluru
CA Inter
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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CCI
Pro
CAclubindia
