<h1>Input tax credit fraud uncovered; alleged use of shell firms to pass fake ITC prompts arrests and ongoing probe.</h1> Allegations of a racket to fraudulently pass on Input Tax Credit through shell entities prompted arrests after DG-GST Intelligence investigations traced creation and control of non existent firms issuing fabricated invoices. A chartered accountant is accused of managing identified fake firms and holding further incriminating evidence, while a partner at an accounting firm is accused of facilitating fake ITC transfers; both were remanded and further investigation is ongoing to identify additional controlled entities and documentary proof.