Both "Is it possible" and "It is possible" are grammatically correct phrases, but they are used in different contexts. People use "is it possible" when asking a question about the feasibility or likelihood of something, and "it is possible" when stating a possibility or fact.

"Is it possible": This is a question form. You use "is it possible" when you want to inquire about the feasibility or likelihood of something happening or being true. It indicates that you are seeking confirmation or clarification on whether a particular situation, event, or outcome can occur.

Example:

  • Is it possible to arrive early for the meeting?
  • Is it possible for you to lend me some money?

"It is possible": This is a declarative statement. You use "it is possible" to assert that something can happen or exist under certain conditions. It is used to state a fact or a possibility without asking a question.

Example:

  • It is possible to learn a new language at any age.
  • It is possible that the project will be completed before the deadline.

Example sentences

  1. Is it possible to finish this task by the end of the day?
  2. It is possible that the weather will improve later in the afternoon.
  3. Is it possible to book a table for two at the restaurant tonight?
  4. It is possible for anyone to achieve their dreams with dedication and hard work.
  5. Is it possible for you to pass me the salt, please?
  6. It is possible that the company will launch a new product next year.
  7. Is it possible to access the internet from this remote location?
  8. It is possible to solve this problem through effective communication.
  9. Is it possible to reschedule the meeting for tomorrow?
  10. It is possible that she forgot to bring the documents to the office.

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Reference:

does
1. he/she/it form of do 2. he/she/it form of do 3. present simple of do, used…

https://learnenglish.britishcouncil.org/grammar/english-grammar-reference/present-simple?page=3