We have manufacturing plant in Delhi, the manufacture goods and sent to UP ( Depot ) of Rs 100+18 tax = Rs 118, From Depot the goods sell to customer same rate and tax 100+18 tax = 118.
( Output tax Rs 18 - Input tax Rs18 = 0 ITC )
In depot in UP ITC is increasing due to Telephone bill, Tour exp ( Hotel, Train flight etc. )
Our goods is taxable @ 18 %
Please advice how to adjust balance ITC or can we claim refund if yes please share.
CAclubindia
