The implementation of the Goods and Services Tax (GST) in India introduced various new concepts to streamline the taxation system. One such concept is the Unique Quantity Code (UQC), which plays a crucial role in standardizing units of measurement for invoicing purposes. In this blog post, we’ll see the significance of UQC under GST and understand its implications for businesses.
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What is Unique Quantity Code in GST?
The Unique Quantity Code is a code prescribed under the GST regime to standardize the units of measurement used in invoices and other relevant documents. It serves as a uniform classification system for specifying quantities, ensuring consistency and accuracy in transactions across different industries and regions.
For example: 1 Kilogram of Sugar can be mentioned in invoice as 1KGS, 10 Kilometer as KME etc.
What is the significance of UQC in GST?
- Standardization:
- UQC eliminates ambiguity by providing a standardized list of codes for various units of measurement, preventing discrepancies in invoicing practices.
- Compliance:
- Under GST law, it is mandatory to mention the UQC along with the quantity in invoices, bills of supply, and other documents. The UQC ensures compliance with GST regulations.
- Interoperability:
- The use of UQC facilitates interoperability between different software systems used for GST compliance.
- It enables seamless exchange of data and information among taxpayers, tax authorities, and GSTN (Goods and Services Tax Network).
List of Unique Quantity Codes
There is no specific list of UQC defined by GST. The UQC codes from Customs Rules are still applicable, with some adjustments for GST filing. The first three letters represent the code, while the remaining part explains. If the appropriate quantity code is not available, you can use the “OTH – Others” code.
| Sl.No. | Description | Type | UQC Code |
|---|---|---|---|
| 1 | Bundles | Measure | BDL |
| 2 | Box | Measure | BOX |
| 3 | Bottles | Measure | BTL |
| 4 | Cubic Meter | Volume | CBM |
| 5 | Cubic Centimeter | Volume | CCM |
| 6 | Centimeter | Length | CMS |
| 7 | Cartons | Measure | CTN |
| 8 | Dozen | Measure | DOZ |
| 9 | Grams | Weight | GMS |
| 10 | Gross | Measure | GRS |
| 11 | Kilograms | Weight | KGS |
| 12 | Kilometer | Length | KME |
| 13 | Milliliter | Volume | MLT |
| 14 | Meters | Length | MTR |
| 15 | Metric Tons | Weight | MTS |
| 16 | Numbers | Measure | NOS |
| 17 | Pieces | Measure | PCS |
| 18 | Pairs | Measure | PRS |
| 19 | Quintal | Weight | QTL |
| 20 | Sets | Measure | SET |
| 21 | Square Feet | Area | SQF |
| 22 | Square Meters | Area | SQM |
| 23 | Square Yards | Area | SQY |
| 24 | Tonnes | Weight | TON |
| 25 | Tubes | Measure | TUB |
| 26 | Units | Measure | UNT |
| 27 | Yards | Length | YDS |
How to use UQC in Invoices?
- Select the Appropriate Code:
- Choose the UQC that best corresponds to the unit of measurement for the goods or services being supplied.
- Mention in Invoices:
- Include the UQC along with the quantity in invoices, bills of supply, and other relevant documents as per GST invoicing rules.
- Ensure Accuracy:
- Double-check the UQC and quantity mentioned in the invoices to ensure accuracy and compliance with GST requirements.
What is the use of UQC in Eway bill?
The use of the Unique Quantity Code in the e-way bill system serves as a standardized method to specify the quantity of goods being transported. When generating an e-way bill, it is essential to mention the UQC along with the quantity of the goods being transported. This helps in ensuring consistency and accuracy in the documentation of the goods movement.
Additionally, the UQC facilitates interoperability between different software systems used for e-way bill generation and compliance, enabling seamless exchange of data and information among taxpayers, transporters, and tax authorities.
Ultimately, the inclusion of UQC in e-way bills contributes to enhanced efficiency, compliance, and transparency in the transportation of goods under the GST regime.
Conclusion
In conclusion, the Unique Quantity Code plays a vital role in standardizing units of measurement under the GST regime. By providing a uniform classification system, UQC ensures consistency, accuracy, and compliance in invoicing practices across diverse industries. Businesses must familiarize themselves with UQC codes and incorporate them correctly in their invoices to meet GST regulatory requirements effectively.
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FAQs
1. What is the Unique Quantity Code under GST?
A Unique Quantity Code is a code used in GST to specify the unit of measurement of goods being transported. It helps standardize units across transactions.
2. How do I know which UQC to use for my goods?
You can refer to the list of UQC provided by GST authorities. If your specific quantity is not listed, you can use the “OTH – Others” code.
3. Can I use abbreviations instead of UQC codes?
No, it’s recommended to use the specified UQC codes provided by GST authorities to ensure uniformity and accuracy in reporting.
4. What should I do if the quantity code I need is not listed?
If you cannot find an appropriate UQC for your quantity, you can use the “OTH – Others” code and provide a clear description of the unit of measurement.
5. Are there any penalties for using incorrect UQC codes?
While there may not be specific penalties for using incorrect UQC codes, it’s essential to maintain accuracy in GST filings to avoid potential complications or audits.
