This report analyzes the impact of taxation on Netflix's pricing strategy, considering the introduction of a GST tax. It examines the shifts in supply and demand curves, illustrating the resulting changes in equilibrium price and quantity. The report explores the price elasticity of demand for Netflix products, classifying them as price elastic due to the availability of substitutes. It further analyzes the impact of price changes on total revenue, demonstrating how a price increase leads to a decrease in revenue, a clear indication of elastic demand. Additionally, the report investigates the incidence of the tax, showing how the tax burden is primarily borne by producers due to the elastic nature of demand. The conclusion summarizes the key findings, emphasizing the influence of production costs on supply, the impact on demand, and the overall effect on Netflix's market dynamics.