diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeDesktopApplication/build.gradle.kts b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeDesktopApplication/build.gradle.kts
index d7ca1d57fe0..3b85e539088 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeDesktopApplication/build.gradle.kts
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeDesktopApplication/build.gradle.kts
@@ -3,7 +3,7 @@ import org.jetbrains.kotlin.gradle.tasks.KotlinCompile
 
 plugins {
     kotlin("jvm") version "1.4.30"
-    id("org.jetbrains.compose") version "0.3.0-build149"
+    id("org.jetbrains.compose") version "0.3.1"
     application
 }
 
diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/android/build.gradle.kts b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/android/build.gradle.kts
index 4ed5301e312..430856e267a 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/android/build.gradle.kts
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/android/build.gradle.kts
@@ -1,5 +1,5 @@
 plugins {
-    id("org.jetbrains.compose") version "0.3.0-build149"
+    id("org.jetbrains.compose") version "0.3.1"
     id("com.android.application")
     kotlin("android")
 }
diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/common/build.gradle.kts b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/common/build.gradle.kts
index 977fcd529d7..25ea4ac4ab0 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/common/build.gradle.kts
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/common/build.gradle.kts
@@ -2,7 +2,7 @@ import org.jetbrains.compose.compose
 
 plugins {
     kotlin("multiplatform")
-    id("org.jetbrains.compose") version "0.3.0-build149"
+    id("org.jetbrains.compose") version "0.3.1"
     id("com.android.library")
     id("kotlin-android-extensions")
 }
diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/desktop/build.gradle.kts b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/desktop/build.gradle.kts
index 231f8405dab..ee6c5622747 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/desktop/build.gradle.kts
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/composeMultiplatformApplication/expected/desktop/build.gradle.kts
@@ -2,7 +2,7 @@ import org.jetbrains.compose.compose
 
 plugins {
     kotlin("multiplatform")
-    id("org.jetbrains.compose") version "0.3.0-build149"
+    id("org.jetbrains.compose") version "0.3.1"
     application
 }
 
diff --git a/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt b/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt
index 62eaa5db5b1..4e1e57dbe86 100644
--- a/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt
+++ b/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt
@@ -14,7 +14,7 @@ object Versions {
     val KTOR = version("1.5.2")
     val JUNIT = version("4.13")
     val JUNIT5 = version("5.6.0")
-    val JETBRAINS_COMPOSE = version("0.3.0-build149")
+    val JETBRAINS_COMPOSE = version("0.3.1")
 
     val KOTLIN_VERSION_FOR_COMPOSE = version("1.4.30")