Secure Insurance Co. Ltd., Mumbai registered under GST, provided the following intra state insurance services during the month of December, 2025. The premiums given below are exclusive of GST unless otherwise stated. (i)

Computation of GST Payable by Secure Insurance Co. Ltd. for the month of December, 2025 S. No. Particulars GST (₹) (i) Life insurance policy with dual benefit of risk coverage and investment [All Individual Life Insurance policies are covered under the ambit of GST exemption w.e.f. 22nd September, 2025. Hence, GST payable is Nil] Nil (ii) Group Life Insurance Policy issued to ABC Pvt. Ltd. [Group Life Insurance policies are not covered under GST exemption. Hence, it is taxable @ 18%] (8,00,000 x 18%) 1,44,000 (iii) Family Floater Health insurance policy [All Individual and Family Health Insurance policies are covered under the ambit of GST exemption w.e.f. 22nd September, 2025. Hence, GST payable is Nil] Nil (iv) Third Party Motor insurance policy [Note 1] [Premium paid on Motor Insurance policies are taxable @ 18%] 6,300 (v) Travel Insurance policy [Premium paid on Travel Insurance policies are covered under the ambit of GST exemption w.e.f. 22nd September, 2025. Hence, GST payable is Nil] Nil Total GST Payable 1,50,300 Note 1: In third party motor insurance, if it is assumed that motor insurance is on goods carriage vehicle and rate 5% is applicable, is also correct. In that case GST on ₹ 35000 will be ₹ 1,750 and accordingly Total GST payable will be ₹ 145750.