Prashant Kishor prediction on Modi government 3.0: Lok Sabha Elections-2024 is now in its final stages. Only two phases of voting are left. At the same time, political analyst Prashant Kishore is making new predictions every day about Prime Minister Narendra Modi. Prashant Kishore said that I think Modi 3.0 government will start with a bang. In the third term, Modi government can bring petrol and diesel under the ambit of GST. The financial autonomy of the states can be curbed to increase their dependence on the central government. In an interview with English-Hindi magazine India Today, Prashant Kishor predicted structural and operational changes in the anti-corruption narrative of the Modi government.
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Prashant Kishore said that I think Modi 3.0 government will start with a bang. There will be an even greater concentration of both power and resources at the centre. An attempt may also be made to curtail the financial autonomy of the states. Prashant Kishore said there is no major anger against the Prime Minister and BJP will win around 303 seats.
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‘Petrol-diesel can be brought under the ambit of GST’
Political strategist Kishor said that the states currently have three major sources of revenue – petroleum, liquor and land. He said that I would not be surprised if petroleum is brought under the ambit of GST. At present, petroleum products like petrol, diesel, ATF and natural gas are outside the ambit of GST. However, they are still subject to VAT, Central Sales Tax and Central Excise Duty.
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There will be huge loss in the revenue of the states
He further said that bringing petroleum products under GST has been a long standing demand of the industry. The states of the country have been against this demand, because it will cause huge loss of revenue to the states. For example, if petrol is brought under the ambit of GST, it will cause tax loss to the states and the states will have to depend more on the Center to get their share. Currently the highest tax slab under GST is 28%. Fuels like petrol and diesel attract more than 100% tax.
If Prashant Kishor’s prediction on PM Modi does not come true, he will get ‘dung’ smeared on his face.
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