In GSTR 1, whats the difference b/w Invoice value and Taxable value. Also under HSN summary what is diffence in total value and taxable value?
Invoice value is value of invoice including GST.
Taxable value means value on which tax is charged.
For example, if you have issued an invoice for 100 Rs. with 18 Rs. GST, so total Invoice value will be 118 and taxable value will be 100.
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