diff --git a/CHANGELOG.md b/CHANGELOG.md
index 021a78c..939b484 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,7 @@
 - Update `version` property in `gradle.properties` and remove redundant `pluginVersion` configuration from `build.gradle.kts`
 - Inline `junit` dependency version in `build.gradle.kts` and remove it from `libs.versions.toml`.
 - Remove `platformVersion` property and inline its value in `build.gradle.kts` for cleaner configuration.
+- Remove `libs.versions.toml` and inline plugin versions in build scripts for simpler configuration.
 
 ### Removed
 
diff --git a/build.gradle.kts b/build.gradle.kts
index 7c82046..a0e278e 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -3,9 +3,9 @@ import org.jetbrains.changelog.markdownToHTML
 import org.jetbrains.intellij.platform.gradle.TestFrameworkType
 
 plugins {
-    alias(libs.plugins.kotlin) // Kotlin support
-    alias(libs.plugins.intelliJPlatform) // IntelliJ Platform Gradle Plugin
-    alias(libs.plugins.changelog) // Gradle Changelog Plugin
+    id("org.jetbrains.kotlin.jvm")
+    id("org.jetbrains.intellij.platform")
+    id("org.jetbrains.changelog")
 }
 
 // Dependencies are managed with Gradle version catalog - read more: https://docs.gradle.org/current/userguide/version_catalogs.html
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
deleted file mode 100644
index 39cbe3f..0000000
--- a/gradle/libs.versions.toml
+++ /dev/null
@@ -1,13 +0,0 @@
-[versions]
-
-# plugins
-changelog = "2.5.0"
-kotlin = "2.3.20"
-
-[libraries]
-junit = { group = "junit", name = "junit", version.ref = "junit" }
-
-[plugins]
-changelog = { id = "org.jetbrains.changelog", version.ref = "changelog" }
-intelliJPlatform = { id = "org.jetbrains.intellij.platform" }
-kotlin = { id = "org.jetbrains.kotlin.jvm", version.ref = "kotlin" }
diff --git a/settings.gradle.kts b/settings.gradle.kts
index 2067dc2..1301bbe 100644
--- a/settings.gradle.kts
+++ b/settings.gradle.kts
@@ -2,6 +2,13 @@ import org.jetbrains.intellij.platform.gradle.extensions.intellijPlatform
 
 rootProject.name = "IntelliJ Platform Plugin Template"
 
+pluginManagement {
+    plugins {
+        id("org.jetbrains.kotlin.jvm") version "2.1.20"
+        id("org.jetbrains.changelog") version "2.5.0"
+    }
+}
+
 plugins {
     id("org.gradle.toolchains.foojay-resolver-convention") version "1.0.0"
     id("org.jetbrains.intellij.platform.settings") version "2.14.0"