ITC Related from

Thank u sir 

and Can we Apply for Refund ????and  how to Account with that ITC ..........???

If you are having both taxable and exempt supply then you can take ITC on common purchases proportionately. ITC can be taken for purchases exclusively for taxable supplies.

Section 17(5) has to be also kept in mind while claiming ITC.

Refund allowed only in exports or inverted duty structure