diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index aa70e709685..5afcd3150c0 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -685,3 +685,4 @@ erpnext.patches.v12_0.create_taxable_value_field
 erpnext.patches.v12_0.purchase_receipt_status
 erpnext.patches.v12_0.add_company_link_to_einvoice_settings
 erpnext.patches.v12_0.add_document_type_field_for_italy_einvoicing
+erpnext.patches.v12_0.create_taxable_value_field_in_purchase_invoice
diff --git a/erpnext/patches/v12_0/create_taxable_value_field_in_purchase_invoice.py b/erpnext/patches/v12_0/create_taxable_value_field_in_purchase_invoice.py
new file mode 100644
index 00000000000..ed323bdd087
--- /dev/null
+++ b/erpnext/patches/v12_0/create_taxable_value_field_in_purchase_invoice.py
@@ -0,0 +1,18 @@
+from __future__ import unicode_literals
+import frappe
+from frappe.custom.doctype.custom_field.custom_field import create_custom_fields
+
+def execute():
+	company = frappe.get_all('Company', filters = {'country': 'India'})
+	if not company:
+		return
+
+	custom_fields = {
+		'Purchase Invoice Item': [
+			dict(fieldname='taxable_value', label='Taxable Value',
+				fieldtype='Currency', insert_after='base_net_amount', hidden=1, options="Company:company:default_currency",
+				print_hide=1)
+		]
+	}
+
+	create_custom_fields(custom_fields, update=True)
\ No newline at end of file
diff --git a/erpnext/regional/india/setup.py b/erpnext/regional/india/setup.py
index d417360d938..81dcf36bd3c 100644
--- a/erpnext/regional/india/setup.py
+++ b/erpnext/regional/india/setup.py
@@ -455,7 +455,7 @@ def make_custom_fields(update=True):
 		'Sales Order Item': [hsn_sac_field, nil_rated_exempt, is_non_gst],
 		'Delivery Note Item': [hsn_sac_field, nil_rated_exempt, is_non_gst],
 		'Sales Invoice Item': [hsn_sac_field, nil_rated_exempt, is_non_gst, taxable_value],
-		'Purchase Order Item': [hsn_sac_field, nil_rated_exempt, is_non_gst],
+		'Purchase Order Item': [hsn_sac_field, nil_rated_exempt, is_non_gst, taxable_value],
 		'Purchase Receipt Item': [hsn_sac_field, nil_rated_exempt, is_non_gst],
 		'Purchase Invoice Item': [hsn_sac_field, nil_rated_exempt, is_non_gst],
 		'Material Request Item': [hsn_sac_field, nil_rated_exempt, is_non_gst],