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Who bears the incidence of tax?

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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