Input credit set off

Saumiya (Senior Assosciate) (34 Points)

19 October 2017  

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.