CORAA
ଲାଇଭ୍ ଡେମୋ ବୁକ୍ କରନ୍ତୁମାଗଣା ଟ୍ରାଏଲ୍ ଆରମ୍ଭ କରନ୍ତୁ
AI Modules/Engagement Setup/ଲେଜର୍ Classification
4-Dimensional Classification· सेटअप

ଲେଜର୍ Classification

Classify ଲେଜର୍ under ICAI guidelines once. ବର୍ଷ 2 opens with zero ଲେଜର୍ to reclassify.

CORAA ଲେଜର୍ Classification across four statutory dimensions

Every ଭାଉଚର୍ in the books has four statutory consequences: which TDS section applies (192 to 206), which TCS section (206C variants), which GST nature (Normal, RCM, Composition, Exempt, Nil-rated), and which Schedule III line code (A1 Equity Capital through P9 ଅନ୍ୟ ଖର୍ଚ୍ଚ). CORAA captures all four classifications in one ଲେଜର୍ Classification exercise. AI auto-classifies roughly 80 percent on first ingest; the ଅଡିଟର୍ confirms the residual. Mappings persist year-on-year.

  • Four statutory dimensions in one exercise: TDS, TCS, GST, Schedule III
  • AI auto-classifies ~80% of ଲେଜର୍ on first ingest
  • ଅଡିଟର୍ confirms or overrides the residual 20%
  • One-click acceptance for AI suggestions with ≥90% confidence
  • Mappings persist across financial ବର୍ଷ
  • Rule weights adapt per client ଏଙ୍ଗେଜମେଣ୍ଟ୍
Two paths, one ledger

The old way, and ours.

Two paths to the same audit conclusion. One leaves traces; the other doesn't.

Traditional

The old way

  • -ଅଡିଟର୍ classifies ଲେଜର୍ from scratch every financial year
  • -TDS section, GST nature, Schedule III line maintained in separate Excel sheets
  • -Inconsistencies between sheets create ସମନ୍ୱୟ effort downstream
  • -Senior partner re-explains classification logic to article assistants annually
First ଅଡିଟ୍ classification: 4-6 ଘଣ୍ଟା of partner ସମୟ. Repeats every year.
CORAA

On the Ledger

  • Single ଲେଜର୍ Classification screen captures all four dimensions
  • AI pre-classifies ଲେଜର୍ names against ICAI ଅଡିଟିଂ ମାନଦଣ୍ଡ guidance
  • ବର୍ଷ 1: 30-45 minute review of AI suggestions
  • ବର୍ଷ 2: typically zero ଲେଜର୍ requiring reclassification
  • ଅଡିଟ୍ log preserves who classified what and when, per SA 230
ବର୍ଷ 1 classification: under 45 minutes. ବର୍ଷ 2 onwards: typically under 5 minutes.
How it works

Three steps. Every trace logged.

Step 01

AI pre-classifies on ingest

After the ERP data ingests, the AI reads every ଲେଜର୍ name and narration pattern, then proposes classifications across TDS section, TCS section, GST nature, and Schedule III line. Each suggestion shows a confidence score.

Step 02

ଅଡିଟର୍ reviews and confirms

The ଲେଜର୍ Classification screen lists ଲେଜର୍ grouped by confidence band. Above 90 percent confidence: one-click accept all. Between 70 and 90 percent: review individually. Below 70 percent: requires explicit ଅଡିଟର୍ classification.

Step 03

Mappings persist year-on-year

Classifications are stored against the ଏଙ୍ଗେଜମେଣ୍ଟ୍, not the year. Next year's ଅଡିଟ୍ opens with the same ଲେଜର୍ names already classified. The ଅଡିଟର୍ reviews only what changed: new ଲେଜର୍, renamed ଲେଜର୍, or ଲେଜର୍ where Schedule III mapping shifted.

Inside the module

What you actually get.

TDS Section dimension

Maps every applicable ଲେଜର୍ to its TDS section under the ଆୟକର ଅଧିନିୟମ: Sec 192 Salary, 194A Interest non-bank, 194C Contractor, 194I Rent, 194JB Professional, 194Q Goods Purchase, 194R Perquisites, 206AB Non-filer higher rate. Drives Form 3CD Clause 34(a).

  • ›Threshold checks per section
  • ›Rate verification (10% Bldg, 2% P&M for 194I, etc.)
  • ›Lower-deduction certificate (Sec 197) handling
  • ›Sec 206AB non-filer flagging

TCS Section dimension

Maps sale ଲେଜର୍ to TCS sections under Sec 206C: 206C(1) Scrap, 206C(1F) Motor Vehicle over ₹10L, 206C(1G) Overseas remittance, 206C(1H) Sale of Goods over ₹50L buyer-wise.

  • ›Buyer-wise cumulative threshold tracking for 206C(1H)
  • ›Per-ଚାଲାନ୍ threshold for 206C(1F)
  • ›Form 27C zero-rate declaration handling
  • ›Sec 206CCA non-filer higher rate

GST Nature dimension

Classifies each ଲେଜର୍ by GST nature: Normal (ITC eligible), RCM (reverse charge), Composition (ନା ITC), Exempt, Nil-rated, Zero-rated (exports), Blocked (Sec 17(5)), Non-GST.

  • ›Section 17(5) blocked credit detection
  • ›RCM applicability per Sec 9(3) / 9(4)
  • ›Rule 36(4) ITC limit feeds from this classification
  • ›Used by Form 3CD Clause 44 GST-wise break-up

Schedule III Line dimension

Maps every ଲେଜର୍ to its Schedule III line code per କମ୍ପାନୀ ଅଧିନିୟମ 2013 Schedule III. Division I (Indian GAAP / AS) for most entities; Division II (Ind AS) for listed and large unlisted. Drives Balance Sheet, P&L, Cash Flow, Notes to Accounts, and ratios.

  • ›~90 line codes from A1 Equity through P9 ଅନ୍ୟ ଖର୍ଚ୍ଚ
  • ›Framework selector toggles between Division I and Division II
  • ›Current vs non-current split for amendment 2021 ageing
  • ›Mapping tab on Schedule III WP is read-only from this classification
Frequently asked

Answers, up front.

CORAA reads ଲେଜର୍ names, group hierarchy from the Chart of Accounts, and narration patterns from sample ଭାଉଚର୍. It matches against a dictionary of ICAI-aligned classifications built from prior ଏଙ୍ଗେଜମେଣ୍ଟ୍ and ଅଡିଟିଂ ମାନଦଣ୍ଡ guidance. Each proposal carries a confidence score from 0 to 100. Above 90 is high-confidence; the ଅଡିଟର୍ can accept all such suggestions in one click.
Mixed-purpose ଲେଜର୍ need split classification. CORAA flags these as 'optional GST classification' and lets the ଅଡିଟର୍ either subdivide the ଲେଜର୍ or apply GST at the ଭାଉଚର୍ level rather than the ଲେଜର୍ level. For Schedule III mapping, ଲେଜର୍ can split between two lines with a percentage allocation.
If the GL Code is the same and only the name changed, the classification persists by code. If a new GL Code appears, it shows up as 'unclassified' and the ଅଡିଟର୍ classifies it once. The ଅଡିଟ୍ log captures the rename ଇଭେଣ୍ଟ.
See it on a real ledger

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Ledger Classification AI | TDS, TCS, GST, Schedule III in One Setup | CORAA | CORAA