Apportionment of co insurance premium treated as neither supply when lead insurer pays tax on full premium; reinsurer pays gross tax. The amendment adds two Schedule III entries treating specified insurance intermediary activities as neither supply of goods nor supply of services conditional on tax payment. Apportionment of co insurance premium by a lead insurer to co insurers is not a supply if the lead insurer pays the central, State, Union territory and integrated tax on the entire premium paid by the insured. Services by an insurer to a reinsurer involving deduction of ceding or reinsurance commission are not a supply if the reinsurer pays the central, State, Union territory and integrated tax on the gross reinsurance premium inclusive of the commission.