TaxTMI 
TaxTMI 
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?
Total Invoice Value in GSTR1
10 May 2025 
5 Replies 
25209 Views Asked by
Total invoice value includes taxable value plus GST and may include non-tax reimbursements on the invoice.
Taxable Value is the assessable value of the supply determined under Section 15 of the CGST Act and comprises the price of goods or services plus permitted additions. Total Invoice Value denotes the final amount charged to the buyer and ordinarily equals the taxable value plus applicable GST components (CGST, SGST, IGST) and any cess; it may also include non-tax reimbursements such as pure agent amounts. (AI Summary)
Taxable Value is the assessable value of the supply determined under Section 15 of the CGST Act and comprises the price of goods or services plus permitted additions. Total Invoice Value denotes the final amount charged to the buyer and ordinarily equals the taxable value plus applicable GST components (CGST, SGST, IGST) and any cess; it may also include non-tax reimbursements such as pure agent amounts. (AI Summary)