In this article, you will learn:
Rule 46 of the CGST Act, 2017 specified the components that should form part of tax invoice, credit and debit notes. Accordingly, one of the key components of a tax invoice is quantity where goods are supplied by the supplier to the recipient.
Along with quantity, the supplier is required to mention the unit of measurement of the goods being supplied. For instance, 1 Kg Rice, 1 Litre Oil, 100 metre cloth etc. Thus, it is mandatory for the supplier to provide information in respect of unit of measurement, also known as unit or unique quantity code) in order to generate a GST compliant invoice.
In this article, you will learn, what is Unique Quantity Code (UQC) and the list of UQC’s specified by the government of India.
What is Unique Quantity Code?
UQC stands for Unique Quantity Code. Unique Quantity Code is a unit of measurement that must be specified in invoice as well as filing returns such as GSTR-1, GSTR-2 and GSTR-3 in the HSN summary section.
The very purpose of using unique quantity codes in invoices as well as GST returns is to bring about standardization in the terms used for describing the unit of measurement.
It could be possible to use his own version to describe the units of measurement of the goods supplied by the taxpayer. For instance, the unit of measurement kilograms could be used as kilos by one taxpayer and ‘kgs’ by other taxpayer.
Similarly, some taxpayers could use ‘mtr’ to describe metres while others may use ‘m’ for the same. It must be noted that the GST portal accepts only one form of the unit of measurement.
Therefore, if the taxpayer happens to use a unit of measurement different from the one accepted by the portal, the portal may show an error in accepting any of the documents.
Thus taxpayers must provide only those unique quantity codes that are specified by the GSTN. Further, there is no separate list of UQC’s rolled out by GSTN under GST. Thus, the Unique Quantity Code List as specified by the customs is adopted by the GSTN for GST purposes.
List of Unique Quantity Codes
As mentioned above, there is no separate list of unique quantity codes rolled by GSTIN for GST purposes. Thus, GSTN takes the following list of unique quantity codes as specified under the customs.
|S.No.||Quantity||Unique Quantity Code|
|5.||BILLIONS OF UNITS||BOU|
Adding UQC in Quickbooks
Quickbooks Online Accounting Softwares allows a user to associate UQC with a product and this include the same in the invoice. Thus, as a user, you can now have the UQC printed on the invoice as well as returns under GST.
The UQC details can be added for both products as well as services. In case, you have already created product and service items in the QuickBooks Accounting Software, you can update the UQC details for such products and services.
This can be done by manually editing the product or service information by selecting the relevant UQC value and saving changes.
The UQC’s mentioned in the dropdown list in QuickBooks are as per the ones specified by the government of India.
It must be noted that the UQC value set for the products or services will automatically get printed alongside quantity under the ‘Unit’ Column in the printed or PDF version of the transaction.
However, while creating the transaction, the ‘Unit’ Column may not be visible to the user.
UQC Details Getting Automatically Updated in Specific Sections of GSTR Reports
- Under section 12 of GSTR-1 titled ‘HSN Wise Summary of Outward Supplies’, the UQC details set by the user will automatically get populated. In cases where the user does not specify UQC details for any product, OTH (OTHERS) would be taken as the default UQC in the report. The reports are grouped first as per HSN and then as per UQC. If a particular HSN has two UQC’s, then such an HSN will be mentioned twice in the report.
- Much like section 12 of GSTR-1 mentioned above, Section 13 of GSTR-2 titled, HSN Summary of Inward Supplies’ will also get populated with the UQC details for the HSN’s.