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Cash flow statement applicability

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(Querist)
02 April 2015 As per AS-3 A Co whose turnover exceeds Rs.50Cr has to prepare Cash Flow Statement.

Now a Company's Gross Turnover is Rs.51Cr but Excluding Service Tax it comes to Rs.49Cr.
Does this Co has to prepare a Cash Flow Statement now??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 April 2015 gross means without deducting or adding anything so here it is 51 CRORES hence AS 3 applicable and prepare cash flow
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Chandra Chethan G

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Chandra Chethan G (Querist)
02 April 2015 But in AS 3 they have given only as turnover & no mention regd Gross or Net
Pls clarify




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