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of <h1>Rule 2B: Valuing Money Exchange Services Under Service Tax Rules 2006 Explained.</h1> Rule 2B of the Service Tax (Determination of Value) Rules, 2006, governs the valuation of services related to money changing. For currency exchanged to or from Indian Rupees (INR), the taxable value is the difference between the buying or selling rate and the Reserve Bank of India's reference rate, multiplied by the total currency units. If the RBI reference rate is unavailable, the value is 1% of the gross INR amount exchanged. When neither currency is INR, the value is 1% of the lesser amount converted to INR at the RBI reference rate.
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