(Last Updated On: April 24, 2018)

Section 215 of Finance Act 2018

[Section 215 of Finance Act 2018 deals with Amendment of section 7 and is covered in CHAPTER VIII MISCELLANEOUS]

Amendment of section 7

215 . In section 7 of the principal Act,—

(a)		in sub-section (1), for the words “every quarter”, the words “on half-yearly basis” shall be substituted;
(b)		after sub-section (1), the following sub-section shall be inserted, namely:—
		“(1A) The Central Government shall prepare a monthly statement of its accounts.”;
(c)		in sub-section (2), for the words “pre-specified levels mentioned in the Fiscal Policy Strategy Statement and the rules made under this Act”, the words “prescribed levels” shall be substituted.

Section 215 of Finance Act 2018 : Amendment of section 7