Google Play no longer shows sideloaded apps
The Google Play Support Team has confirmed to users through e-mail that as of the Google Play Store app version 3.5 and higher, the app will no longer show sideloaded apps as officially purchased. So, users should no longer be seeing the annoying "download declined" error, or update notifications for those apps, and of course if you can't remember if you had officially purchased an app from the Google Play Store you can check your account history on the Google Wallet site.
It's a small change, but definitely a nice one for those of us who tend to grab APKs from all manner of sources to populate the apps on our devices. Now, it'll be just a bit easier to keep things organized.
source: Droid Life