Welcome, moispicy.
Its is a possessive pronoun.
Ex: This is the dog's house. It's
its house.
It's has two possibilities:
1) A contraction of
it and
is
Ex:
It is its house /
It's its house.
2) A contraction of
it and
has
Ex:
It has been a long time /
It's been a long time.
Note, with
it's, look for a present participle; e.g.,
been. If you see one, you'll know that
it's stands for
it has, not
it is.
Does that help?