Accounting std and Ind As

Indian Accounting Standards ( IND AS) based on IFRS are applicable to Corporate sector Like , LTD Companies , Pvt Ltd Companies , Banking companies, NBFC , Insurance companies etc , based on the Net worth and some other conditions . Indian Accounting Standards are governed by MCA .
Accounting Standards ( AS) are applicable to Non Companies based on the Turnover . These Non Companies are divided in to 4 level ( level 1 to level 4 ) . Accounting Standards are governed by ICAI .
So ,AS 3 cash flow statement is applicable to Non Companies and IND AS 7 Cash flow statement is applicable to Ltd Companies , Pvt Ltd Companies , Banking companies, NBFC , Insurance companies etc .( corporate sector )