In computed tomography (CT) reconstruction, scattering causes server quality degradation of the reconstructed CT images by introducing streaks and cupping artifacts which reduce the detectability of low contrast objects. Monte Carlo (MC) simulation is considered as the most accurate approach for scatter estimation. However, the existing MC estimators are computationally expensive especially for the considered high-resolution flat-panel CT. In this paper, we propose a fast and accurate photon transport model which describes the physics within the 1 keV to 1 MeV range using multiple controllable key parameters. Based on this model, scatter computation for a single projection can be completed within a range of few seconds under well-defined model parameters. Smoothing and interpolation are performed on the estimated scatter to accelerate the scatter calculation without compromising accuracy too much compared to measured near scatter-free projection images. Combining the scatter estimation with the filtered backprojection (FBP), scatter correction is performed effectively in an iterative manner. In order to evaluate the proposed MC model, we have conducted extensive experiments on the simulated data and real-world high-resolution flat-panel CT. Comparing to the state-of-the-art MC simulators, our photon transport model achieved a 202$\times$ speed-up on a four GPU system comparing to the multi-threaded state-of-the-art EGSnrc MC simulator. Besides, it is shown that for real-world high-resolution flat-panel CT, scatter correction with sufficient accuracy is accomplished within one to three iterations using a FBP and a forward projection computed with the proposed fast MC photon transport model.