new delhi, Aug. 4 -- The spectre of profiteering is holding back a new round of tax cuts, as the federal council for indirect taxes fears businesses will pocket the savings instead of passing them on. At stake is lower taxes on insurance premiums and an end to the 12% GST slab, two proposals that have gained broad support in recent times. The caution stems from the previous experience of some real estate, multiplex and consumer goods companies raising prices when taxes were cut, denying benefit to the consumer, two people familiar with the matter said. The national anti-profiteering body formed as an interim measure to check such practices was wound up in November 2022, and no suitable alternative is in place yet. "The ways of ensuring that...