Which of the following statements about GST are incorrect? 1. The first purchaser bears the cost of the GST II. GST is not a tax on business income iii. GST may be paid on taxable supplies at each stage of the commercial chain iv. GST is a value-added tax v. A supplier can obtain an input tax credit for input taxed supplies but not GSTfree supplies a. 1,i,ili b. 10,10,lv c. i,iv,V d. 0,N