On or before the last day of September, each taxpayer shall make a return to the Village Treasurer for the months of June, July and August, 2002, stating:
(A) His name.
(B) His principal place of business.
(C) His gross receipts during those months upon the basis of which the tax is imposed.
(D) Amount of tax.
(E) Such other reasonable and related information as the corporate authorities may require.
On or before the last day of every third month thereafter, each taxpayer shall make a like return to the Village Treasurer for a corresponding three (3) month period.
The taxpayer making the return herein provided for shall, at the time of making such return, pay to the Village Treasurer, the amount of tax herein imposed; provided that in connection with any return the taxpayer may, if he so elects, report and pay an amount based upon his total billings of business subject to the tax during the period for which the return is made (exclusive of any amounts previously billed) with prompt adjustments of later payments based upon any differences between such billings and the taxable gross receipts.