We study the unusual phases seen in charge transfer salts (CTS) at 1/2 and 1/4 filling. We use the Holstein-Hubbard model (HHM) and the Peierls extended Hubbard model (PEH) to study competing phases in CTS. In the 1/2illed HHM the Holstein coupling promotes a Peierls charge-density wave phase while the on-site Coulomb repulsion U gives rise to antiferromagnetic correlations and a Mott insulating state. Takada et al. have shown possibility of a third metallic phase between the Mott and the Peierls phase. We investigate the presence of an intermediate phase between the Mott and Peierls phase using Stochastic Series Expansion (SSE) method. We used charge and spin susceptibilities to determine the phase boundaries. As the coupling is increased a spin gap opens followed by the Peierls transition. The intermediate phase is metallic and has a spin gap but no charge gap. Transitions from the Mott to intermediate and intermediate to Peierls state are Kosterlitz-Thouless type (KT). As the coulomb repulsion is increaed beyond certain value the two KT transitions fuse to give a single first order transition. Similar behavior is seen at 1/4illed HHM. We also studied the temperature dependence of charge ordering (CO) in 1/4illed CTS. Most previous theoretical studies of the on CTS have concentrated on ground state or T=0 properties. Here we show the evolution of charge ordered (CO) state with temperature and directly related the experimental phase diagram with our theoretical results. Our calculations show that as temperature is lowered the Wigner crystal state gives way to spin-Peierls state with a different pattern of CO. Also we show that the critical value of nearest neighbor Coulomb repulsion is depends on the total spin and is different for different spin subspace.