CORAA
நேரடி டெமோ பதிவு செய்யுங்கள்இலவச சோதனையைத் தொடங்குங்கள்
AI Modules/Engagement Setup/Ledger Classification
4-Dimensional Classification· सेटअप

Ledger Classification

Classify ledgers under ICAI guidelines once. Year 2 opens with zero ledgers to reclassify.

CORAA Ledger Classification across four statutory dimensions

Every voucher 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 Other Expenses). CORAA captures all four classifications in one Ledger Classification exercise. AI auto-classifies roughly 80 percent on first ingest; the கணக்காய்வாளர் confirms the residual. Mappings persist year-on-year.

  • Four statutory dimensions in one exercise: TDS, TCS, GST, Schedule III
  • AI auto-classifies ~80% of ledgers on first ingest
  • கணக்காய்வாளர் confirms or overrides the residual 20%
  • One-click acceptance for AI suggestions with ≥90% confidence
  • Mappings persist across financial years
  • Rule weights adapt per வாடிக்கையாளர் எங்கேஜ்மென்ட்
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

  • -கணக்காய்வாளர் classifies ledgers from scratch every financial year
  • -TDS section, GST nature, Schedule III line maintained in separate Excel sheets
  • -Inconsistencies between sheets create ஒத்திசைவு effort downstream
  • -Senior partner re-explains classification logic to article assistants annually
First audit classification: 4-6 hours of partner time. Repeats every year.
CORAA

On the Ledger

  • Single Ledger Classification screen captures all four dimensions
  • AI pre-classifies ledger names against ICAI Standards on Auditing guidance
  • Year 1: 30-45 minute review of AI suggestions
  • Year 2: typically zero ledgers requiring reclassification
  • Audit log preserves who classified what and when, per SA 230
Year 1 classification: under 45 minutes. Year 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 ledger 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

கணக்காய்வாளர் reviews and confirms

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

Step 03

Mappings persist year-on-year

Classifications are stored against the எங்கேஜ்மென்ட், not the year. Next year's audit opens with the same ledger names already classified. The கணக்காய்வாளர் reviews only what changed: new ledgers, renamed ledgers, or ledgers where Schedule III mapping shifted.

Inside the module

What you actually get.

TDS பிரிவு dimension

Maps every applicable ledger to its TDS section under the Income Tax Act: 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 சரிபார்ப்பு (10% Bldg, 2% P&M for 194I, etc.)
  • ›Lower-deduction certificate (Sec 197) handling
  • ›Sec 206AB non-filer flagging

TCS பிரிவு dimension

Maps sale ledgers 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-invoice threshold for 206C(1F)
  • ›Form 27C zero-rate declaration handling
  • ›Sec 206CCA non-filer higher rate

GST Nature dimension

Classifies each ledger by GST nature: Normal (ITC eligible), RCM (reverse charge), Composition (no ITC), Exempt, Nil-rated, Zero-rated (exports), Blocked (Sec 17(5)), Non-GST.

  • ›பிரிவு 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 ledger to its Schedule III line code per நிறுவனங்கள் Act 2013 Schedule III. Division I (இந்திய 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 Other Expenses
  • ›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 ledger names, group hierarchy from the Chart of Accounts, and narration patterns from sample vouchers. It matches against a dictionary of ICAI-aligned classifications built from prior எங்கேஜ்மென்ட்கள் and Standards on Auditing guidance. Each proposal carries a confidence score from 0 to 100. Above 90 is high-confidence; the கணக்காய்வாளர் can accept all such suggestions in one click.
Mixed-purpose ledgers need split classification. CORAA flags these as 'optional GST classification' and lets the கணக்காய்வாளர் either subdivide the ledger or apply GST at the voucher level rather than the ledger level. For Schedule III mapping, ledgers 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 கணக்காய்வாளர் classifies it once. The audit log captures the rename event.
See it on a real ledger

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