Cat, it’s returned with good Queen (5)
I believe the answer is:
tiger
'cat' is the definition.
(tiger is a kind of cat)
'it's returned with good queen' is the wordplay.
'it's' becomes 'it' (I've seen this in other clues).
'returned' says the letters should be written backwards.
'with' says to put letters next to each other.
'good' becomes 'g' (abbreviation).
'queen' becomes 'er' (abbreviation for Elizabeth Regina).
'it' written backwards gives 'ti'.
'ti'+'g'+'er'='TIGER'
(Other definitions for tiger that I've seen before include "Striped quadruped" , "Formidable competitor" , "Striped big-cat" , "Big cat of Asia" , "Asian animal" .)