REGARDING HSN CODE

Hi everyone, Turnover is below 40 lakh whether HSN code is mandatory while filing GSTR1?
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Quick Summary
This discussion clarifies whether HSN codes are compulsory for GSTR1 filings when annual turnover is below 40 lakh. While optional for businesses up to 1.50 Cr, taxpayers must still provide a description of goods. The consensus is that 'description of goods' refers to the rate of tax.

Optional for taxpayers having annual turnover upto Rs. 1.50 Cr but they need to provide information about descripttion of goods.

Sir, descripttion of goods means? Is that rate of tax wise?
Yes rate of tax

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