For the FY 2023–24, TDS is to be deducted on the entire amount of the purchase of goods or on an amount exceeding Rs. 50 lakhs.
Example: The total amount of purchase goods would be Rs. 1 crore, and TDS is to be deducted on either Rs. 1 crore or Rs. 50 lakhs.
Same for TCS u/s 206C(1H)