Total Invoice Value in GSTR1

[Shan S]

What is the Total Invoice Value. Difference between Total invoice value and Taxable Value?

is Total invoice value is Sales + Gst? and Taxable value is Sales Value?

AI Summary

GST Clarity: Total Invoice Value vs. Taxable Value Explained with Practical Breakdown of Tax Calculation A discussion forum explores the difference between total invoice value and taxable value under GST regulations. Participants clarify that total invoice value includes the sales price plus applicable taxes (CGST/SGST/IGST), while taxable value represents the base price of goods or services before tax. An example illustrates that for a Rs. 1,000 product with 18% GST, the taxable value is Rs. 1,000 and total invoice value is Rs. 1,180.