Month: December 2021

Commodities are usually negatively correlated to stocks. This means if the stock market is falling, the prices of commodities will rise. This negative correlation makes commodities a hot-seller for investors looking for diversification. Investors trade in commodities through futures. Futures are contracts where buyers and sellers agree to buy or sell a particular item at a future date at an agreed price irrespective of what the price will be at that time. For example, say you enter into a contractual agreement to buy 10 kgs of wheat after six months at a price of Rs.25/kg. This would be a futures contract. After six months, you will get the delivery of wheat at Rs.25/kg irrespective of the actual price of wheat at that time. Commodities can be traded as futures for the simple reason

Once any company in Singapore gets GST (Goods and Services Tax) registered, then the company can charge and collect GST at the prevailing rate. The prevailing rate of GST as of the current year from August is at the rate of 7%. Besides that, a few procedures for documentation submission also need to be followed. Any business that is GST-registered will have to submit all the necessary documents to the website of the IRAS at the end of every quarter. Whatever GST that any business will charge and collect will be on the behalf of IRAS and will be known as output tax. Hence, it has to be submitted back to IRAS quarterly. GST incurred on various business-related transactions and expenses, on the other hand, are called input tax, which is unlike output tax, are claimed if all the conditio

If there is a list of things which created a stir as soon as they appeared, cryptos will be on the top of it. It has not only created a stir but has also made people stand on two different sides as well. Things went so harsh that countries went on to ban these coins legally to stop people getting lured by it. But the scenario changed within a few years as the value of the digital coins went high and people made fortune out of it. Now there is a rush to invest in them before they get any costlier.  There are also good chances to spend Bitcoin & Crypto for buying products and services. But this interest in cryptos is half of the scene. The other half is still doubtful about the future prosect of the cryptos as there is volatility and lack of stability. While there is definitely a chan