https://www.taxtmi.com/forum/issue?id=119982 Apply the exchange rate determined under generally accepted accounting principles for time of supply - namely AS-11 - typically the RBI closing rate or an entity-specific AS-11-consistent rate. Use that same AS-11-compliant rate for the invoice and for converting and reporting the INR value in GSTR-1 so that reported INR matches the books; customs rates for goods do not apply to services. en-us Wed, 07 May 2025 22:57:02 +0530 Thu, 08 May 2025 11:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119982 Apply the exchange rate determined under generally accepted accounting principles for time of supply - namely AS-11 - typically the RBI closing rate or an entity-specific AS-11-consistent rate. Use that same AS-11-compliant rate for the invoice and for converting and reporting the INR value in GSTR-1 so that reported INR matches the books; customs rates for goods do not apply to services. Discussion-Forum GST Wed, 07 May 2025 22:57:02 +0530 https://www.taxtmi.com/forum/issue?id=119982