Taxable value is value on which tax is to be charged and invoice value is total value of an invoice including tax amount charged.
Fill the amount on which tax is to be charged in taxable value column along with tax rate, if its on reverse charge basis then select RCM YES.
Invoice value is total invoice value including tax charged if any.
Sign up to discuss taxation, accounting and finance topics with experts from all over India.
Not a member? Register
Sign in with google