Finance (No.2) Act 2024 - Goods and Services Tax - GST

Section 150 of the Finance (No.2) Act, 2024 relating to the CGST Act, 2017 reads as follows:- 150. No refund shall be made of all the tax paid or the input tax credit reversed, which would not have been so paid, or not reversed, had section 118 been in force at all material times. Are we to read this as part of III Schedule , which has no relevance to the above issue or is it a new section or is it part of any other section? May kindly be clarified.