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of <h1>Exchange Rate for Taxable Goods/Services in Foreign Currency Set by RBI on Supply Date per Sections 12/13 GST Act.</h1> The rate of exchange for determining the value of taxable goods or services in currencies other than Indian rupees is set by the Reserve Bank of India. This rate is applicable on the date of the time of supply, as outlined in sections 12 or 13 of the relevant Act. This provision is part of the rules for determining the value of supply under the Goods and Services Tax (GST) regulations.
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