 Where the COMMERCIAL system is enabled in the Sherlock Trust System the owners who are GST registered and have an ABN can have a 'special' Commercial statement. This statement details the Owners GST to pay based on Tax Receipts issued to tenants by the Agent.. and the GST that can then be claimed as rebate for Tax Invoices paid from the owners ledger. The commercial owner at a glance can see their GST obligation and that GST is being charged correctly (include in Rent + Outgoings) and what their true GST tax liability, taking into account the Tax Credits from Tax Invoices paid. It also shows the Agents GST charged and the document is a Tax Invoice to the Commercial Owner.
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