Sl. No. 5B requires addition of unbilled revenue at the beginning of financial year. Unbilled revenue which was recorded in the books of accounts on the basis of accrual system of accounting in the earlier financial year(like WIP recorded asincome lastyearbased on
percentage of completion method) for which the invoice is issued under GST law is required to be declared here. In other words, when GST is payable during the financial year on such revenue (which was recognized as income in the earlier year), the value of such revenue is to be declared here. For the purposes of GST audit of the period 1-Jul-2017 to 31-Mar-2018, the beginning of the financial year shall mean 1-Jul- 2017.