VAT /SALES TAX ACCOUTNING TREATMENT

Hi all,
i have seen that there are certain tax conditions which are defined as inventorised  and certain condition are defined as set off. my queries are :-
1 ) What is meant by set-off and inventorised.
2 ) how the set-off takes place
can somebody send me a document about accounting treatment of VAT in India. what is set-off/inventorised explaining all these terms.
my mail id is [email protected]
regards
sachin

Set off means- eg: Cenvat - ed cenvat
inventorised means - you cannot claim cenvat or credit, the cost needs to be included in inventory value.
regards
anantha

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    Hi all,
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    regards
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    http://www.sap-img.com/sap-sd/important-tables-for-sap-sd.htm
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