diff --git a/distribution/emm-community/pom.xml b/distribution/emm-community/pom.xml
index 67a0031..f6f7905 100644
--- a/distribution/emm-community/pom.xml
+++ b/distribution/emm-community/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.entgra.product.community</groupId>
         <artifactId>distribution</artifactId>
-        <version>5.0.0</version>
+        <version>5.0.1-SNAPSHOT</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
 
diff --git a/distribution/iot-community/pom.xml b/distribution/iot-community/pom.xml
index 6d52822..2a5a0cb 100644
--- a/distribution/iot-community/pom.xml
+++ b/distribution/iot-community/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.entgra.product.community</groupId>
         <artifactId>distribution</artifactId>
-        <version>5.0.0</version>
+        <version>5.0.1-SNAPSHOT</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
 
diff --git a/distribution/pom.xml b/distribution/pom.xml
index 966c016..cf94f84 100644
--- a/distribution/pom.xml
+++ b/distribution/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.entgra.product.community</groupId>
         <artifactId>product-parent</artifactId>
-        <version>5.0.0</version>
+        <version>5.0.1-SNAPSHOT</version>
     </parent>
 
     <modelVersion>4.0.0</modelVersion>
diff --git a/iot-core/pom.xml b/iot-core/pom.xml
index 8523494..495729f 100644
--- a/iot-core/pom.xml
+++ b/iot-core/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.entgra.product.community</groupId>
         <artifactId>product-parent</artifactId>
-        <version>5.0.0</version>
+        <version>5.0.1-SNAPSHOT</version>
     </parent>
 
     <modelVersion>4.0.0</modelVersion>
diff --git a/p2-profile/emm/pom.xml b/p2-profile/emm/pom.xml
index 70e7005..4f583bc 100644
--- a/p2-profile/emm/pom.xml
+++ b/p2-profile/emm/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.entgra.product.community</groupId>
         <artifactId>p2-profile</artifactId>
-        <version>5.0.0</version>
+        <version>5.0.1-SNAPSHOT</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
 
diff --git a/p2-profile/iot/pom.xml b/p2-profile/iot/pom.xml
index 23ac032..549086f 100644
--- a/p2-profile/iot/pom.xml
+++ b/p2-profile/iot/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.entgra.product.community</groupId>
         <artifactId>p2-profile</artifactId>
-        <version>5.0.0</version>
+        <version>5.0.1-SNAPSHOT</version>
         <relativePath>../pom.xml</relativePath>
     </parent>
 
diff --git a/p2-profile/pom.xml b/p2-profile/pom.xml
index b8f57ef..cc05722 100644
--- a/p2-profile/pom.xml
+++ b/p2-profile/pom.xml
@@ -22,7 +22,7 @@
     <parent>
         <groupId>io.entgra.product.community</groupId>
         <artifactId>product-parent</artifactId>
-        <version>5.0.0</version>
+        <version>5.0.1-SNAPSHOT</version>
     </parent>
 
     <modelVersion>4.0.0</modelVersion>
diff --git a/pom.xml b/pom.xml
index d9acc3d..8cbd600 100644
--- a/pom.xml
+++ b/pom.xml
@@ -23,7 +23,7 @@
     <groupId>io.entgra.product.community</groupId>
     <artifactId>product-parent</artifactId>
     <packaging>pom</packaging>
-    <version>5.0.0</version>
+    <version>5.0.1-SNAPSHOT</version>
     <name>Entgra Community Product - Parent</name>
     <url>http://entgra.io</url>
     <description>Entgra Community Product</description>
@@ -130,7 +130,7 @@
         <url>https://gitlab.com/entgra/community-product.git</url>
         <developerConnection>scm:git:https://gitlab.com/entgra/community-product.git</developerConnection>
         <connection>scm:git:https://gitlab.com/entgra/community-product.git</connection>
-        <tag>v5.0.0-RC7</tag>
+        <tag>HEAD</tag>
     </scm>
 
     <build>