diff --git a/ci/compose-uber-jar/gradle.properties b/ci/compose-uber-jar/gradle.properties
index 794713360a..7acfdd8300 100644
--- a/ci/compose-uber-jar/gradle.properties
+++ b/ci/compose-uber-jar/gradle.properties
@@ -1,3 +1,3 @@
 # __LATEST_COMPOSE_RELEASE_VERSION__
-compose.version=0.3.1
+compose.version=0.3.2
 kotlin.code.style=official
diff --git a/components/build.gradle.kts b/components/build.gradle.kts
index 41ad0fa991..f06d658904 100644
--- a/components/build.gradle.kts
+++ b/components/build.gradle.kts
@@ -1,6 +1,6 @@
 buildscript {
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    val composeVersion = System.getenv("COMPOSE_RELEASE_VERSION") ?: "0.3.1"
+    val composeVersion = System.getenv("COMPOSE_RELEASE_VERSION") ?: "0.3.2"
 
     repositories {
         google()
@@ -11,7 +11,7 @@ buildscript {
     dependencies {
         classpath("org.jetbrains.compose:compose-gradle-plugin:$composeVersion")
         // __KOTLIN_COMPOSE_VERSION__
-        classpath(kotlin("gradle-plugin", version = "1.4.30"))
+        classpath(kotlin("gradle-plugin", version = "1.4.31"))
     }
 }
 
diff --git a/examples/codeviewer/build.gradle.kts b/examples/codeviewer/build.gradle.kts
index 511b5f0f83..6fc342c918 100644
--- a/examples/codeviewer/build.gradle.kts
+++ b/examples/codeviewer/build.gradle.kts
@@ -9,10 +9,10 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.2")
         classpath("com.android.tools.build:gradle:4.0.1")
          // __KOTLIN_COMPOSE_VERSION__
-        classpath(kotlin("gradle-plugin", version = "1.4.30"))
+        classpath(kotlin("gradle-plugin", version = "1.4.31"))
     }
 }
 
diff --git a/examples/falling_balls/build.gradle.kts b/examples/falling_balls/build.gradle.kts
index 6318fde644..b8c0b4753d 100644
--- a/examples/falling_balls/build.gradle.kts
+++ b/examples/falling_balls/build.gradle.kts
@@ -4,9 +4,9 @@ import org.jetbrains.kotlin.gradle.tasks.KotlinCompile
 
 plugins {
     // __KOTLIN_COMPOSE_VERSION__
-    kotlin("jvm") version "1.4.30"
+    kotlin("jvm") version "1.4.31"
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    id("org.jetbrains.compose") version "0.3.1"
+    id("org.jetbrains.compose") version "0.3.2"
 }
 
 group = "me.user"
diff --git a/examples/imageviewer/build.gradle.kts b/examples/imageviewer/build.gradle.kts
index 554c12cd2a..fdd6f28481 100755
--- a/examples/imageviewer/build.gradle.kts
+++ b/examples/imageviewer/build.gradle.kts
@@ -11,10 +11,10 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.2")
         classpath("com.android.tools.build:gradle:4.0.1")
         // __KOTLIN_COMPOSE_VERSION__
-        classpath(kotlin("gradle-plugin", version = "1.4.30"))
+        classpath(kotlin("gradle-plugin", version = "1.4.31"))
     }
 }
 
diff --git a/examples/intelliJPlugin/build.gradle.kts b/examples/intelliJPlugin/build.gradle.kts
index b98f913752..c30357e7d0 100644
--- a/examples/intelliJPlugin/build.gradle.kts
+++ b/examples/intelliJPlugin/build.gradle.kts
@@ -3,9 +3,9 @@ import org.jetbrains.compose.compose
 plugins {
     id("org.jetbrains.intellij") version "0.6.5"
     java
-    kotlin("jvm") version "1.4.30"
+    kotlin("jvm") version "1.4.31"
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    id("org.jetbrains.compose") version "0.3.1"
+    id("org.jetbrains.compose") version "0.3.2"
 }
 
 group = "org.example"
@@ -26,7 +26,7 @@ dependencies {
 
 // See https://github.com/JetBrains/gradle-intellij-plugin/
 intellij {
-    version = "2020.3.1"
+    version = "2020.3.2"
 }
 tasks.getByName<org.jetbrains.intellij.tasks.PatchPluginXmlTask>("patchPluginXml") {
     changeNotes("""
diff --git a/examples/issues/build.gradle.kts b/examples/issues/build.gradle.kts
index 1e86513324..c87ae3a8d5 100644
--- a/examples/issues/build.gradle.kts
+++ b/examples/issues/build.gradle.kts
@@ -9,10 +9,10 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.2")
         classpath("com.android.tools.build:gradle:4.0.1")
         // __KOTLIN_COMPOSE_VERSION__
-        classpath(kotlin("gradle-plugin", version = "1.4.30"))
+        classpath(kotlin("gradle-plugin", version = "1.4.31"))
     }
 }
 
diff --git a/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt b/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt
index 3d8d3b560b..8d1fbbd66e 100644
--- a/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt
+++ b/examples/todoapp/buildSrc/buildSrc/src/main/kotlin/Deps.kt
@@ -3,7 +3,7 @@ object Deps {
     object JetBrains {
         object Kotlin {
             // __KOTLIN_COMPOSE_VERSION__
-            private const val VERSION = "1.4.30"
+            private const val VERSION = "1.4.31"
             const val gradlePlugin = "org.jetbrains.kotlin:kotlin-gradle-plugin:$VERSION"
             const val testCommon = "org.jetbrains.kotlin:kotlin-test-common:$VERSION"
             const val testJunit = "org.jetbrains.kotlin:kotlin-test-junit:$VERSION"
@@ -12,7 +12,7 @@ object Deps {
 
         object Compose {
             // __LATEST_COMPOSE_RELEASE_VERSION__
-            private const val VERSION = "0.3.1"
+            private const val VERSION = "0.3.2"
             const val gradlePlugin = "org.jetbrains.compose:compose-gradle-plugin:$VERSION"
         }
     }
diff --git a/examples/widgetsgallery/build.gradle.kts b/examples/widgetsgallery/build.gradle.kts
index 7924d8b36e..f1e87b608e 100644
--- a/examples/widgetsgallery/build.gradle.kts
+++ b/examples/widgetsgallery/build.gradle.kts
@@ -9,10 +9,10 @@ buildscript {
 
     dependencies {
         // __LATEST_COMPOSE_RELEASE_VERSION__
-        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.1")
+        classpath("org.jetbrains.compose:compose-gradle-plugin:0.3.2")
         classpath("com.android.tools.build:gradle:4.0.1")
         // __KOTLIN_COMPOSE_VERSION__
-        classpath(kotlin("gradle-plugin", version = "1.4.30"))
+        classpath(kotlin("gradle-plugin", version = "1.4.31"))
     }
 }
 
diff --git a/gradle-plugins/build.gradle.kts b/gradle-plugins/build.gradle.kts
index b6715cea11..cc86fc5ff4 100644
--- a/gradle-plugins/build.gradle.kts
+++ b/gradle-plugins/build.gradle.kts
@@ -2,7 +2,7 @@ import com.gradle.publish.PluginBundleExtension
 
 plugins {
     // __KOTLIN_COMPOSE_VERSION__
-    kotlin("jvm") version "1.4.30" apply false
+    kotlin("jvm") version "1.4.31" apply false
     id("com.gradle.plugin-publish") version "0.10.1" apply false
     id("de.fuerstenau.buildconfig") version "1.1.8" apply false
 }
diff --git a/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt b/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt
index f099a5d5b1..341b55654c 100644
--- a/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt
+++ b/gradle-plugins/compose/src/test/kotlin/org/jetbrains/compose/test/TestProperties.kt
@@ -2,7 +2,7 @@ package org.jetbrains.compose.test
 
 object TestProperties {
     // __KOTLIN_COMPOSE_VERSION__
-    val kotlinVersion: String = "1.4.30"
+    val kotlinVersion: String = "1.4.31"
 
     val composeVersion: String
         get() = System.getProperty("compose.plugin.version")!!
diff --git a/gradle-plugins/gradle.properties b/gradle-plugins/gradle.properties
index cc8434904a..851185621c 100644
--- a/gradle-plugins/gradle.properties
+++ b/gradle-plugins/gradle.properties
@@ -6,7 +6,7 @@ kotlin.code.style=official
 # unless overridden by COMPOSE_GRADLE_PLUGIN_COMPOSE_VERSION env var.
 #
 # __LATEST_COMPOSE_RELEASE_VERSION__
-compose.version=0.3.1
+compose.version=0.3.2
 
 # A version of Gradle plugin, that will be published,
 # unless overridden by COMPOSE_GRADLE_PLUGIN_VERSION env var.
diff --git a/templates/desktop-template/build.gradle.kts b/templates/desktop-template/build.gradle.kts
index 328f86d0a6..3d61738165 100644
--- a/templates/desktop-template/build.gradle.kts
+++ b/templates/desktop-template/build.gradle.kts
@@ -3,9 +3,9 @@ import org.jetbrains.compose.desktop.application.dsl.TargetFormat
 
 plugins {
     // __KOTLIN_COMPOSE_VERSION__
-    kotlin("jvm") version "1.4.30"
+    kotlin("jvm") version "1.4.31"
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    id("org.jetbrains.compose") version (System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.1")
+    id("org.jetbrains.compose") version (System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.2")
 }
 
 repositories {
diff --git a/templates/multiplatform-template/build.gradle.kts b/templates/multiplatform-template/build.gradle.kts
index 6cee40b9a9..ed26961247 100644
--- a/templates/multiplatform-template/build.gradle.kts
+++ b/templates/multiplatform-template/build.gradle.kts
@@ -1,6 +1,6 @@
 buildscript {
     // __LATEST_COMPOSE_RELEASE_VERSION__
-    val composeVersion = System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.1"
+    val composeVersion = System.getenv("COMPOSE_TEMPLATE_COMPOSE_VERSION") ?: "0.3.2"
 
     repositories {
         // TODO: remove after new build is published
@@ -14,7 +14,7 @@ buildscript {
         classpath("org.jetbrains.compose:compose-gradle-plugin:$composeVersion")
         classpath("com.android.tools.build:gradle:4.0.1")
         // __KOTLIN_COMPOSE_VERSION__
-        classpath(kotlin("gradle-plugin", version = "1.4.30"))
+        classpath(kotlin("gradle-plugin", version = "1.4.31"))
     }
 }
 
diff --git a/tools/replace.sh b/tools/replace.sh
index e4cbedc7e2..d21d4feddd 100755
--- a/tools/replace.sh
+++ b/tools/replace.sh
@@ -1,9 +1,11 @@
 #!/bin/bash
 ROOT="$( cd "$( dirname "${BASH_SOURCE[0]}" )" >/dev/null 2>&1 && pwd )"/..
-COMPOSE_OLDVER=0.3.0
-COMPOSE_NEWVER=0.3.1
+COMPOSE_OLDVER=0.3.1
+COMPOSE_NEWVER=0.3.2
 find -E $ROOT  -regex '.*\.(kts|properties|kt)' -exec sed -i '' -e "s/$COMPOSE_OLDVER/$COMPOSE_NEWVER/g" {} \;
 APPCOMPAT_OLDVER=1.1.0
 APPCOMPAT_NEWVER=1.3.0-beta01
 find -E $ROOT  -regex '.*\.(kts|properties|kt)' -exec sed -i '' -e "s/$APPCOMPAT_OLDVER/$APPCOMPAT_NEWVER/g" {} \;
-
+KOTLIN_OLDVER=1.4.30
+KOTLIN_NEWVER=1.4.31
+find -E $ROOT  -regex '.*\.(kts|properties|kt)' -exec sed -i '' -e "s/$KOTLIN_OLDVER/$KOTLIN_NEWVER/g" {} \;