TCS reconciliation sits alongside TDS reconciliation in the Form 3CD Working Paper. Section 206C(1F) for motor vehicles above ₹10 lakh, 206C(1H) for buyer-wise sale of goods above ₹50 lakh annually, 206C(1G) for foreign remittances, each with its own threshold logic. CORAA verifies collection against books, then reconciles against Form 27EQ returns and 26AS Part B.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
CORAA scans every sale voucher for section applicability, 206C(1F) motor vehicles, 206C(1H) goods over threshold, 206C(1G) foreign remittances. Books TCS ledgers (collected and payable) tied automatically.
Form 27EQ returns (quarterly) and 26AS Part B uploads, multi-file ingestion. CORAA merges and reconciles against books TCS register.
Section-wise totals populate Form 3CD Clause 34A. Buyer-wise threshold breaches surface, including cases where TCS should have been collected but was not. Each variance with cause attribution.
Sec 206C(1H) requires TCS at 0.1% on sale of goods exceeding ₹50 lakh per buyer annually (when turnover above ₹10 crore). CORAA tracks cumulative sales per buyer and flags when the threshold is crossed mid-year.
Every sale of motor vehicle exceeding ₹10 lakh triggers Sec 206C(1F) TCS at 1%. CORAA scans every motor vehicle invoice for the threshold and verifies TCS collection.
Three-bucket match between books TCS collected and Form 27EQ filed. Variances flagged with cause, collected but not filed, filed but not collected, period mismatch.
Clause 34A of Form 3CD asks for TCS details by section. CORAA's reconciled TCS totals populate the Clause directly; books-vs-27EQ variances disclose at the appropriate sub-clause.
