Taxable value is the value on which tax is to be charged.
Invoice value is total value. These terms are not defined under section 2 of CGST Act.
Going by valuation rules you have to calculate the taxable value.
You can download excel format of gst invoice, and use for invoicing or you can use gst invoicing application to generate bills online.
You can also use manual hand written invoices, but format should be same and should contain all details required under rules.
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