If demand is more elastic than supply, the burden of tax will fall on producers. You can read about the Tax Administration Reform Commission (TARC) – Mandate, Report, Recommendations in the given link.

If the supply is more elastic than the demand, then the burden of tax will fall on buyers.

Further readings:

  1. Tax Policy Council & Tax Policy Research Unit: Notes for UPSC
  2. Taxation in India – Direct taxes & Indirect Taxes, Features of Taxation System

Related Links

Taxation System in India – Types, GST, VAT, Objectives, Limitation, Laffer Curve

Direct Tax Code (DTC) – Implementation, Objectives, Pros & Cons

CBDT – Central Board of Direct Taxes: Functions and Structure

Double Taxation Avoidance Agreements (DTAA) – Countries Involved, Income Tax Provisions

Central Board of Indirect Taxes & Customs (CBIC) – Functions 

Global Corporate Tax and India: RSTV- Big Picture

Tobin Tax – Definition, Evaluation and Relevant Questions

Carbon Tax – Meaning and an Overview [UPSC Notes]

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