Exchange rate for export of services

How to find exchange rate for export of services. on what date exchange rate should be considered. whether on the date of raising invoicing?
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Quick Summary
This discussion clarifies how to determine the correct exchange rate when exporting services. It advises considering the date of invoice raising for rate application. While the CBIC provides exchange rate notifications, for services, Generally Accepted Accounting Practices (GAAP) often directs users to RBI rates. However, if RBI rates aren't updated daily, the CBIC rate notifications, though primarily for goods, can be a practical alternative for services.

 

for rates

https://www.cbic.gov.in/Exchange-Rate-Notifications

date of invoice rate of exchange for raising invoice.

 

 

For services, then link is given to Generally Accepted Accounting Practices (GAAP), which inturn links to RBI rates. 

RBI website > archives > rates as per dates

But this is not being updated on daily basis. 

In such cases can refer CBIC rate notifications itself. Although, it is for goods, can be used for services too. Available in bottom right corner of the CBIC official website. Link cannot be shared as this changes frequently. 

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