No ITC reversal against job-worked inputs / capital-goods return within 1 / 3 years, explains CBEC

CBEC explains ‘job-work’ under GST, which is defined as any treatment or process undertaken by a person on goods belonging to another registered person (Principal); States that Principal can send inputs / capital goods (either from his premises or directly) under intimation without payment of tax to a job-worker and from there to another job-worker, and after completion thereof, bring back such goods without payment of tax with no requirement of reversing ITC availed on s...