CGST Rules – Central Goods and Services Tax Rules, 2017

Rule 34 – Rate of exchange of currency, other than Indian rupees, for determination of value

(1) The rate of exchange for determination of value of taxable goods shall
be the applicable rate of exchange as notified by the Board under section
14 of the Customs Act, 1962 for the date of time of supply of such goods in
terms of section 12 of the Act.

(2) The rate of exchange for determination of value of taxable services
shall be the applicable rate of exchange determined as per the generally
accepted accounting principles for the date of time of supply of such
services in terms of section 13 of the Act.