Question: 1) A loan provided by a bank is an example of an input taxed supply. True or False? 2) If a supply is GST-free, no

1) A loan provided by a bank is an example of an input taxed supply. True or False?

2) If a supply is GST-free, no GST is payable on the supply and the supplier generally cannot claim input tax credits for the GST payable on its related business inputs. True or False?

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