Describe the role and functions of the Chamber of Commerce.

Explanation

The following points highlight the role and functions performed by Chamber of Commerce and Industry.


a. Facilitates interstate movement of goods-
It facilitates the activities related to the inter-state movement of goods by registering vehicles, formulating transport policies and by constructing roads and highways.


b. Levies Octroi and other local taxes-
Octroi and local taxes are charged on goods or from people entering into a state or municipal boundaries.


c. Brings together the sales tax and VAT structure of different states-
Chamber of Commerce and Industry ensures that these taxes are uniform across states for maintaining a balance in trade.


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