Net price is the value at which a product or service is sold after all taxes and other costs are added and all discounts subtracted. Net price is what the seller's customers pay. Additional amounts may include charges for added value, royalties, shipping, duty, taxes, service and installation. ...

What is meant by nett price?

The price paid or payable after all discounts and rebates have been applied.

Does invoice price include VAT?

Depending on the business's BIR registration, an invoice could either be a VAT Sales Invoice or a Non-VAT Sales Invoice. It is important that a company's invoice indicates whether it is VAT or Non-VAT registered as the amount of any VAT payable would impact the total amount payable by a purchaser.