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

According to Rule 34 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :

The rate of exchange for the determination of the value of taxable goods or services or both shall be the applicable reference rate for that currency as determined by the Reserve Bank of India on the date of time of supply in respect of such supply in terms of section 12 or, as the case may be, section 13 of the Act.