This paper explains about control of VSC using uni-polar switching based Static Compensator (STATCOM) using Peak Detection Control Strategy for elimination of PQ Problems. The proposed STATCOM are operated in PFC (Power Factor Correction) mode and ZVR (Zero Voltage Regulation) mode. Under these operation modes of STATCOM is able to suppression of harmonics, PFC at source, reactive power compensation, load balancing and compensation of neutral current. A non-isolated star/three individual single- phase transformers are connected at PCC (Point of Common Coupling) to mitigate neutral current. The Peak Detection Control Strategy is simple to implement for estimating switching pulses for VSC. This peak detection control strategy based STATCOM is modelled, simulated results are validated using MATLAB R2013b.